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

The Federal Reserve will announce its latest dec🍬ision on interest rates this Wednesday, which will 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 Comes aꦺs Officials Watch Employment Levels

Market watchers will be closely focused on Wednesday when the Federal Open Market Committee (FOMC) announces its latest decision on inte🦩rest rates.

The Fed is widely expected to 澳洲幸运5开奖号码历史查询: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开奖号码历史查询:until its meeting in September. A💙fter 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开奖号码历史查询:keeping a close eye on th♈e labor mark✤et following a 澳洲幸运5开奖号码历史查询:rise in unemployment last month. If Fed officials don’t surprise with an interest rate cut on Wednesday, t🎃he jobs report could indicate whether economic condi💎tions are on track for a September rate cut. 

Big Tech🌱 a Highlight of Earnings Calendar, Along With Oil, Pharmaceut๊ical Firms

Investors will get another batch of earnings reports, with tech and energy firms in th🔯e spotlight this week.

On Tuesday, Microsoft will report earnings after it 澳洲幸运5开奖号🦩码历史查询:rode a 20% jump in cloud bu𒅌siness revenue early this year to grow its quarterly net income by 33%. Then comes Meta Platforms' report on Wednesday, after the Instagram parent ಌ澳洲幸运5开奖号码历史查询:offered weaker guidance for the latest quarter. On Thursday, Apple’s earning report will show whether it can continue to surprise anal🐠ysts with its rᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚevenue growth, while Amazon looks to continue growing its 澳洲幸运5开奖号码历史查询: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 ꩲthe previous quarter and Chevron providing its financial update after that oilꦐ company posted lower revenue and net income in its prior report. BP, Shell, ☂an🐼d ConocoPhillips report earlier in the 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 continue 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开奖号码历史查询:defrauded the government over a pair of crashes of its 737 Max planes. On Tuesday, pharmaceutical firms Merc꧑k and Pfizer are set to issue their quarterly financial updates✃.