📅 U.S. stocks key events this week (already delivered & yet to be delivered)

✅ Already delivered

• Alphabet (GOOGL) earnings report
Revenue beat expectations, but AI capital expenditures continued to rise sharply, causing large stock price swings.

• Tesla (TSLA) earnings report
Free cash flow came under pressure, and concerns about future investment and profitability intensified, leading to a steep drop after hours.

• Intel (INTC) earnings report
Revenue and guidance both beat market expectations; shares surged after hours, boosting parts of the semiconductor sentiment

• IBM, ServiceNow, Texas Instruments earnings reports
Enterprise AI spending remains strong, but the market is more focused on capital expenditures and future guidance rather than results alone.

• Trump announces a new round of tariffs targeting around 60 countries
Global risk appetite declines, and the market starts pricing in inflation expectations again. (Financial Times)

• Escalation in the Middle East
International oil prices break through $100, U.S. Treasury yields rise, and tech stocks face broad pressure. (The Wall Street Journal)

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⏳ Yet to be delivered

• Key earnings reports on Friday
AXP (American Express)
VZ (Verizon)
SLB (Schlumberger)
NEE (NextEra Energy)
The market will continue to watch the performance of the three major sectors: consumer, communications, and energy.

• Next week is “super earnings” week
Apple
Microsoft
Meta
Amazon
These tech giants will determine whether the AI rally can restart, and they will also shape the directional bets for Nasdaq in the next phase. (MarketWatch)

• U.S. Federal Reserve FOMC interest rate meeting (July 28–29)
This is the most important macro event at the end of the month; the market will focus on the interest-rate path and future policy signals.

At present, the market’s core logic has shifted from “whether earnings are good” to “how much more will be spent to build AI in the future.” What truly determines the trend is no longer the earnings report itself, but capital expenditures, future guidance, and the Federal Reserve.