New York Stock Market: Alphabet Earnings and Middle East Tensions to Determine This Week's Direction

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

Big tech companies are set to begin reporting their earnings in earnest, starting with Alphabet and Tesla on July 22.

Intel will release its earnings on July 23, and the preliminary S&P Global Manufacturing and Services Purchasing Managers' Index (PMI) for July is scheduled to be announced on July 24.

Last weekend, the three major U.S. stock indices all closed lower.

In particular, the Nasdaq and S&P 500 indices led the decline, each falling by more than 1%.

The direction of the market this week depends on the earnings report from Google's parent company, Alphabet, and the situation in the Middle East.

As the most active investor in AI infrastructure among big tech companies, whether Alphabet can prove the profitability of its AI ventures and maintain its large-scale investment stance in this announcement is expected to be the key factor determining the overall market trend.

If the large-scale investment plans are reaffirmed, the anxiety surrounding semiconductor stocks could subside; however, if the plans are scaled back, further corrections are expected to be unavoidable.

Meanwhile, as the United States and Iran have clashed militarily once again, both Brent crude and West Texas Intermediate (WTI) have risen by more than 4%.

Starting with GM on July 21, Tesla and IBM will report their earnings on July 22, followed by the weekly initial jobless claims on July 23, and the new home sales data for June on July 24.

With the verification of AI profitability and geopolitical risks stemming from the Middle East intertwined, the earnings of big tech companies and the movement of oil prices are expected to determine the direction of the New York stock market this week.
※ Please note: This article was translated by AI and may contain errors.