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S&P 500 higher as Trump says open to deals on tariffs, easing trade war fears.
-investing.com 15th July 2025.
Banks to kick off earnings season later this week
The new U.S. corporate earnings season kicks off in earnest this week, with major banks, including JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC), leading the way.
Results are also due from the likes of Netflix (NASDAQ:NFLX), Johnson & Johnson (NYSE:JNJ) and 3M Company (NYSE:MMM).
Elsewhere, Fastenal (NASDAQ:FAST) stock rose after the industrial supplies maker beat Wall Street estimates for second-quarter profit and revenue, helped by higher demand for its safety supplies.
The focus this week, away from Trump’s volatile trade policies, will be on consumer price index inflation data for June, due on Tuesday, as well as the new quarterly earnings season.
The June U.S. consumer price index is due on Tuesday, and the widely-watched inflation reading will offer Wall Street clues on when the Federal Reserve may next cut interest rates.
Kenvue (NYSE:KVUE) stock gained after the consumer health company’s CEO and board member Thibaut Mongon stepped down, its second big executive change amid a push by activist investors to boost performance.
Inflation data loom ahead of Fed meeting later this month
The CPI is expected to show a monthly rise of 0.3% in June, a rise from the 0.1% increase in the prior month, while the annual release is seen climbing to 2.6%, from 2.4% in May.
At its gathering in June, the U.S. central bank chose to leave borrowing costs unchanged at a target range of 4.25% to 4.5%, and Fed fund futures indicate a slim chance of a rate cut at the end-July meeting, but suggest easing in September is likely.
Crypto stocks ride bitcion record higher
Crypto-related stocks including Marathon Digital Holdings Inc (NASDAQ:MARA), MicroStrategy Incorporated (NASDAQ:MSTR), and Coinbase Global Inc (NASDAQ:COIN) jumped, with latter hitting a fresh record high, underpinned by bitcoin’s surge above an unprecedented $123,000.
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