Earnings plus key reports on economic growth and inflation put the consumer in focus next week

The consumer will be in focus next week as investors head into the thick of earnings season and await some major macroeconomic reports. So far, just 14% of S & P 500 companies have reported earnings results. But investors are about to get a flood of reports in the week ahead, when they see results from roughly 20% of the index, with 30% more to come the following week. As one strategist noted, Wall Street is about to get insight into the economy from more than half the broad market index.

"Having a robust real estate market is important for the economy in general, and I think also for us to read the tea leaves on what the Fed's gonna do next." Credit card company Visa will be reporting next week after American Express' results this week suggested inflationary pressures have reached the higher-end consumer. Also on deck next week are some initial reports from the Magnificent Seven.

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