Google raises its capital expenditure guidance—can it carry the momentum through super earnings week
In June, the three major US indices diverged. Against a backdrop of market concerns that the Federal Reserve might adopt a more hawkish stance, $S&P 500 Index (.SPX.US)$、 $Nasdaq Composite Index (.IXIC.US)$the market trended lower with volatility this month; however, sentiment improved as geopolitical risks eased following the US-Iran ceasefire memorandum.$Dow Jones Industrial Average (.DJI.US)$ The index hit new all-time highs multiple times in June. As of yesterday's close, the Nasdaq and S&P 500 were down about 6% and 3% respectively this month, while the Dow Jones rose nearly 2%.

Looking ahead to the upcoming month of July,a new earnings season for US equities will kick off,with Wall Street giants such as Goldman Sachs, Citi, and JPMorgan reporting first on the 14th. Tech earnings will follow shortly after, with ASML Holding and Taiwan Semiconductor scheduled to report in mid-July, and star tech names like Tesla, Google, and Apple expected to release results in late July.
Against the backdrop of a hawkish shift in the Fed’s dot plot and rising expectations for a rate hike this year, the Federal Reserve’s moves in July will be closely watched by markets:The Fed will release minutes from its June policy meeting in the early hours of the 9th; Fed Chair Jerome Powell will testify before Congress on the 14th; and the July FOMC meeting will take place at month-end.。
Additionally, key events to watch in July include:SK Hynix plans to list on the Nasdaq; AMD will host its annual Advancing AI event for 2026, among others。
To help fellow investors better grasp market themes and investment opportunities, Futubull has carefully compiled a list of essential U.S. financial events in July—be sure to bookmark it before reading!

– Fed Chair Kevin Warsh will testify before Congress on the 14th, and the July FOMC meeting will take place at month-end.
At 2:00 a.m. Beijing time on July 9, the Federal Reserve will release the minutes of its June monetary policy meeting.
According to the hearing notice issued by the U.S. House Committee on Financial Services,Federal Reserve Chair Kevin Warsh will deliver his first testimony on FOMC monetary policy before Congress at 10:00 a.m. Eastern Time on July 14 (10:00 p.m. Beijing time).By law, the head of the U.S. central bank must testify before Congress twice a year—in February and July.
At 2:00 a.m. Beijing time on July 30, the Federal Reserve’s FOMC will announce its interest rate decision and Summary of Economic Projections;随后 at 2:30 a.m., Fed Chair Kevin Warsh will hold his first post-Fed leadership press conference following the policy meeting.
Last week, Kevin Warsh chaired his first Federal Open Market Committee (FOMC) meeting as Fed Chair. The relatively hawkish statement from this meeting, coupled with Warsh’s defense of the inflation target during his press conference, reinforced market expectations for a rate hike this year. Warsh noted that inflation has remained above the Fed’s target for five consecutive years and described persistently high prices as a significant burden on households. The dot plot signaled a hawkish shift, with nearly half of Fed officials projecting at least one more rate hike by year-end.
Major Wall Street banks have revised their forecasts for the Fed’s interest rate path, with institutions such as Deutsche Bank and Bank of America predicting the Fed could begin hiking rates as early as September. According to the latest data from CME Group’s 'FedWatch Tool,' the probability of a rate hike at the Fed’s July meeting has risen to 34%, up from nearly zero prior to last week’s FOMC decision.
– Amid rising expectations for rate hikes, nonfarm payroll and inflation data are keeping markets on edge.
At the beginning of July, employment data will set the tone for markets.At 8:15 p.m. ET on Wednesday, July 1, the U.S. ADP private-sector employment report for June—commonly known as 'Little Nonfarm Payrolls'—will be released;Immediately followingAt 8:30 p.m. ET on Thursday, July 2, the highly anticipated U.S. nonfarm payrolls and unemployment rate for June will be published, which is critical for assessing the current state of the U.S. labor market.
On the inflation front,the key U.S. Consumer Price Index (CPI) for June arrives at 8:30 p.m. ET on July 14, followed by the Producer Price Index (PPI) for June on July 15, and finally the Personal Consumption Expenditures (PCE) price index for June—the Fed’s preferred inflation gauge—on July 30,These inflation indicators will directly influence how markets price in the Fed’s future policy moves.
– The latest U.S. earnings season has kicked off, with Wall Street's major banks reporting first, followed closely by tech stocks.
On July 14, $Goldman Sachs (GS.US)$ 、 $Citigroup (C.US)$ 、 $JPMorgan (JPM.US)$ 、 $Bank of America (BAC.US)$ financial giants will be the first to report earnings, officially marking the start of the new U.S. earnings season.As 'barometers' of the macroeconomy, these banks’ financial results and forward guidance will set the tone for the entire earnings season.
Tech stock earnings will follow shortly after,chip equipment giant $ASML Holding (ASML.US)$ will release its earnings before the U.S. market opens on July 15, and streaming giant $Netflix (NFLX.US)$ will report after the U.S. market close on July 16.
Chip manufacturing giant $Taiwan Semiconductor (TSM.US)$ is expected to report in mid-July. $Tesla (TSLA.US)$ 、 $Alphabet-A (GOOGL.US)$ 、 $Meta Platforms (META.US)$ 、 $Microsoft (MSFT.US)$ 、 $Apple (AAPL.US)$ Star tech stocks such as Apple, Tesla, and Taiwan Semiconductor are expected to release earnings in late July, along with the company that went public this month $SpaceX (SPCX.US)$ is also expected to announce its first earnings report since going public in July.
– Memory chip giant SK Hynix plans to list on Nasdaq on July 10
According to regulatory filings,memory chip giant $SK Hynix (000660.KR)$ plans to go public via Nasdaq,issuing 17.79 million new shares in the form of American Depositary Receipts (ADRs). The offering could raise 45.45 trillion Korean won (approximately USD 29.6 billion).The company will convert its ordinary shares into ADRs at a ratio of 1:10, with ADR trading expected to commence on July 10.。
The market’s current key focus is whether the company’s choice of Nasdaq over the New York Stock Exchange will help it gain entry into $NASDAQ 100 Index (.NDX.US)$ . The Nasdaq-100 index undergoes regular constituent adjustments each December based on data as of the end of November. Analysts note that SK Hynix likely does not meet the fast-track inclusion criteria immediately after listing, but inclusion through the year-end regular review is 'expected to proceed relatively smoothly.' In contrast, entry into $PHLX Semiconductor Index (.SOX.US)$ may require a longer period of time.
Moreover, investors have been pressing brokers with a core unresolved question: whether the American Depositary Receipts (ADRs) of this South Korean memory chip giant can be freely exchanged for its ordinary shares listed in Seoul. Full convertibility would allow investors to switch freely between the two securities, keeping their prices closely aligned; if restrictions exist, the U.S.-listed security could trade at a sustained premium amid robust global demand for AI-related stocks.
– AMD Hosts 'Advancing AI 2026' Conference
$Advanced Micro Devices (AMD.US)$It has announced that its flagship global AI conference, 'Advancing AI 2026,' will take place both in-person and via live stream on July 22–23 at the Moscone Center in San Francisco.The conference will unveil AMD-powered blueprints for building, deploying, and scaling AI within an open AI ecosystem.
AMD Chair and CEO Lisa Su, alongside other AMD leaders, will join AI ecosystem partners, customers, and developers to explore how AMD’s end-to-end AI solutions—from chips to software—are reshaping the landscape of artificial intelligence and high-performance computing.
– Special Notice: U.S. stock markets closed on July 3
U.S. stock markets will be closed on Friday, July 3, in observance of Independence Day.Fellow investors, please arrange your trading funds in advance.

Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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