New York Stock Market: FOMC Minutes to Be Released on the 8th, Focus on Key Economic Indicators

Here is the outlook for the New York stock market this week.

The ISM Services PMI for June will be released on July 6, followed by the minutes from the June FOMC meeting on July 8.

On July 9, the monthly change in existing home sales for June will be announced.

With the New York stock market closed over the past weekend, the market is turning its attention to the upcoming FOMC minutes and key economic indicators.

In particular, the services PMI to be released on July 6 will provide insight into the pace of economic expansion in the services sector, which accounts for two-thirds of the U.S. economy.

Furthermore, key Federal Reserve officials, including Governor Christopher Waller, as well as New York Fed President John Williams and Dallas Fed President Lorie Logan on July 9, are scheduled to make public remarks. Investors are closely watching to see what views they will express regarding future monetary policy.

Additionally, as SpaceX is officially added to the Nasdaq 100 index on July 7, expectations are rising for improved supply and demand dynamics due to the inflow of large-scale passive funds.

Following this, the monthly change in existing home sales for June, a key indicator for the U.S. real estate market, will be released on July 9, offering a look at the overall economy and consumer sentiment.

On the same day, the number of new jobless claims from last week will be disclosed. PepsiCo is also set to announce its earnings, and Delta Air Lines will release its quarterly results on July 10, which will help confirm the direction of corporate earnings for the second quarter.

The main earnings season that the market is waiting for is expected to begin in earnest from next week. The stock market is also expected to focus on verifying the profitability of AI infrastructure investments and whether the rotation into small and mid-cap stocks will expand.
※ Please note: This article was translated by AI and may contain errors.