Six S&P 500 companies will report earnings this week. The main focus is the Fed’s interest rate decision on Wednesday afternoon. U.S. markets will be closed on Thursday for Juneteenth.
Other important topics include the situation between Israel and Iran, trade talks between the U.S. and the EU, Vietnam, Japan, and India.
Here are some key earnings reports and economic data:
• Monday: Empire State Manufacturing Index for June. Earnings: LEN.
• Tuesday: May retail sales, auto sales, import prices, industrial production. April business inventories. June homebuilder sentiment.
• Wednesday: May housing starts and building permits. FOMC meeting and Fed Chair Powell’s press conference. The market expects the Fed to keep rates unchanged.
• Thursday: Market closed for Juneteenth Holiday.
• Friday: Philly Fed Manufacturing Index for June, May leading economic indicators. Also the quadruple witching day. Earnings: ACN, KR, DRI, KMX.
For Q1 2025, S&P 500 companies saw earnings grow 13.3% year over year, and revenue rose 4.9%. The forward P/E ratio is 21.6.
The market expects earnings to grow 4.9%, 7.2%, and 6.2% for Q2, Q3, and Q4 of 2025. Revenue is expected to rise 4.1%, 4.7%, and 5.2%. Among these, Q2 has the slowest earnings growth since Q4 2023.
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