Overview
Uncertainty regarding U.S.-China tariff negotiations and the Federal Reserve's rate decision weighed on the market. The July consumer confidence index showed a slight increase, but concerns about employment persisted. Mixed corporate earnings also influenced the market.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
- Oil prices surged as President Trump warned of tariffs if Russia does not reach a truce.
- Uncertainty surrounding the extension of the U.S.-China tariff truce.
- Earnings reports from Boeing, UPX, and Novo Nordisk.
- The Federal Reserve's interest rate decision and major Big Tech earnings are expected.
Tomorrow's Economic Indicators
| Time | Economic Indicator |
|---|---|
| 20:00 | U.S. MBA Mortgage Applications |
| 20:15 | U.S. July ADP Non-Farm Employment Change |
| 20:30 | U.S. Q2 Real GDP Growth Rate |
| 20:30 | U.S. Q2 Real Personal Consumption |
| 20:30 | U.S. Treasury's Debt Issuance Plan |
| 20:45 | Canada's Benchmark Interest Rate Decision |
| 23:00 | U.S. June Pending Home Sales |
| 23:30 | U.S. 2-Week Crude Oil Inventories |
| TBA | U.S. Interest Rate Decision |
| TBA+30 | U.S. FOMC Press Opinions |
General Opinion
This week, the market is expected to experience increased volatility due to the Federal Reserve's rate decision and key economic indicators. Investors are focusing more on economic policy and specific data rather than trade negotiations, using these to predict future market directions.
Tags:
daily stock summary
