Alphabet Inc Class CAlphabet is reporting earnings; investors will watch capital spending plans amid AI investment.
The second-quarter earnings season accelerates this week with Alphabet, Tesla, Intel, and American Express among the major companies reporting. Alphabet is the first of the hyper-scalers to report, and investors will closely watch any changes to its capital spending plans amid booming AI investment. Overall S&P 500 earnings are expected to rise 25.7% from a year ago, based on LSEG IBES data. The European Central Bank is likely to hold its policy rate steady on Thursday after hiking last month, with attention focused on clues about a possible September increase. In sports, Spain defeated Argentina 1-0 in extra time to win the World Cup, benefiting sponsor Adidas, which backed both finalists, while rival Nike had none of its 12 sponsored teams in the final.
Alphabet Inc Class CAlphabet is reporting earnings; investors will watch capital spending plans amid AI investment.
Intel CorporationIntel is reporting earnings as part of the Q2 earnings season.
Tesla IncTesla is reporting earnings as part of the Q2 earnings season.
adidas AG
Nike Inc
American Express Company