Unify Financial Advisors Weekly Market Update
After touching record highs on Thursday, stocks pulled back slightly, with the S&P 500 finishing down 0.31% for the week. The Trump administration delayed new reciprocal tariffs until August 1, leaving the door open for further negotiations.
Earnings season kicked off with Delta Air Lines showing some optimism about the future. “We’re in a very different Place than we were 90 days ago,” Delta CEO Ed Bastian said in an interview. Delta’s stock gained 12% last Thursday after reporting earnings.
Weekly Outlook
This week, all eyes turn to inflation data and financial sector earnings. Key inflation reports from the Consumer Price Index (CPI) and Producer Price Index (PPI) could influence the Fed’s rate decision at their September meeting. While inflationary pressures have been muted overall, markets are watching closely for signs of tariffs impacting prices.
Earnings from JP Morgan, Citigroup, Wells Fargo, Bank of America, BlackRock, and Charles Schwab are among the top financial powerhouses reporting earnings.
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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