It will be a busy week for markets with big eve🌼nts in monetary policy and earnings from more than half of the Magnificent Seven companies.

The Federal Reserve will announce its latest decision o✱n interest rates this Wednesday, which wi🔯ll be followed by comments from Chair Jerome Powell.

Several noteworthy companies are scheduled to report this week, including leading Big Tech firms Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), and Meta Platforms (META), along with several chipmakers. Investors will also get quarterly updates from McDonald’s (MCD), ExxonMobil (XOM), and Merck (MRK).

Monday, July 29

• Dallas Federal Reserve manufacturing index (July)
• McDonald’s, ON Semiconductor (ON), Equity Residential (EQR), and SBA Communications (SBAC) report earnings

Tuesday, July 30

• S&P CoreLogic Case-Shiller home price index (May)
• Consumer Confidence (June)
• Job openings (June)
• Federal Open Market Committee (FOMC) meeting begins
• Microsoft, Procter & Gamble (PG), Merck, Advanced Micro Devices (AMD), Pfizer (PFE), BP (BP) and Starbucks (SBUX) report earnings

Wednesday, July 31

• ADP employment report (July)
• Pending home sales (June)
• FOMC interest rate decision
• Federal Reserve Chair Jerome Powell's press conference
• Meta Platforms, Mastercard (MA), Qualcomm (QCOM), T-Mobile (TMUS), Arm Holdings (ARM), Lam Research (LRCX), and Boeing (BA) report earnings

Thursday, Aug. 1

• Jobless claims (Week ending July 27)
• S&P manufacturing PMI (July)
• ISM manufacturing (July)
• Construction spending (June)
• Apple, Amazon, Toyota Motor (TM), Shell (SHEL), Intel (INTC), Booking Holdings (BKNG), ConocoPhillips (COP), and Anheuser-Busch InBev (BUD) report earnings

Friday, Aug. 2

• U.S. employment report (July)
• Factory orders (June)
• ExxonMobil and Chevron (CVX) report earnings

Fed Rate Decision Com🌠es as Officials Watch Employཧment Levels

Market watchers will be closely focused on Wednesday when the Federal Open Market Committee (FOMC) annoไunces its latest decision o♑n interest rates.

The Fed is widely expected to 澳洲幸运5官方开奖结果体彩网:keep rates at the current level of 5.25% to 5.5%, with investors believing the central bank won’t take action on rates 澳洲幸运5官方开奖结果体彩网:until its meeting in September. Afꦑter the decision this week, Federal Reserve Chair Jerome Powell will take media questions. 

The employment report on Friday comes as Federal Reserve officials are 澳洲幸🦹运5官方开奖结果体彩网:keeping a close eye on the labor market following a 澳洲幸运5官方开奖结果体彩网:rise in unemployment last month. If Fed officials don’t surprise with an interest rate cut on Wednesday, the jobs report could indicate whether economic 🧜conditions are on track for a September rate cut.&nဣbsp;

Big Tech a H🐬ighlight of Earnings Calendar, Along With Oil, Pharmaceutical Firms

Investors꧃ will get another batch of earnings reports, with tech and energy firms in the spotlight this week.

On Tuesday, Microsoft will report earnings after it 澳洲幸运5官方开奖结果体彩网:rode a 20% jump in cloud busiꦏness revenue early this year to grow its quarterly net income by 33%. Then comes Meta Platforms' report on Wednesday, after the Instagram parent 澳洲幸运5官方开奖结果体彩网:offe♔red weaker guidance for the latest quarter. On Thursday, Apple’s earning report will show whether it can continue to surprise analysts 🌊with its ꦚrevenue growth, while Amazon looks to continue growing its 澳洲幸运5官方开奖结果体彩网:advertising and cloud services. 

On Friday, corporate earnings will focus on the energy sector, with ExxonMobil reporting its quarterly results after the oil giant missed on profit in the previo🦂us quarter and Chevron providing its financial update after that oil co𒁏mpany posted lower revenue and net inꦫcome in its prior report. BP, Shell, and ConocoPhillips repo💞rt earlier in th♛e week. 

Earnings reports from McDonald’s on Monday and Starbucks on Tuesday will provide indicators on the health of the consumer, coming as McDonald’s reportedly will🐟 keep its $5 value meal promotion in August as customers co🔯ntinue to object to high prices. 

Other noteworthy reports this week include the quarterly earnings from Boeing, its first since it pleaded guilty to charges it 澳洲幸运5官方开奖结果体彩网:defrauded the government over a pair of c♒rashes of its 737 Max planes. On Tuesday, pharmaceutical firms Merck and Pfizer are set to issue their quarterly financial updates.