The next catalyst for a market looking to broaden out could be in corporate earnings. The second-quarter earnings season is ramping up in the week ahead at a strange moment for markets. On Thursday, the S & P 500 and Nasdaq Composite tumbled after softer inflation data spurred investors to take profits in the mega-cap tech names, even as internal breadth posted a drastic improvement.
Housing Market Index Earnings: J.B. Hunt Transport Services , State Street , Morgan Stanley , Bank of America , PNC Financial Services Group , UnitedHealth Group Wednesday, July 17 8:30 a.m. Building Permits 8:30 a.m. Housing Starts 9:15 a.m. Industrial Production 9:15 a.m. Manufacturing Production 2 p.m. Fed Beige Book Earnings: United Airlines , Discover Financial Services , U.S. Bancorp , Johnson & Johnson , Citizens Financial Group , ASML Thursday, July 18 8:30 a.m.
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