Overview
- U.S. equity indexes drifted in a tight range by midday, with the Dow near flat, the Nasdaq up around 0.2% and the S&P 500 edging about 0.1% higher.
- Europe’s major bourses also traded narrowly, with Paris’s CAC 40 finishing marginally higher at around 7,862 points.
- Investors are bracing for this week’s key releases, from a steeper-than-expected drop in June job openings in the Labor Department’s JOLTS report to Wednesday’s Q2 GDP estimate and Thursday’s PCE inflation index.
- About 170 S&P 500 companies have reported so far, redirecting attention to corporate fundamentals after mixed tech results and boosting European stocks such as Danone on stronger-than-expected sales.
- The Fed is widely expected to maintain its policy rate for a fifth straight meeting and investors will scrutinize Chair Jerome Powell’s post-meeting remarks for signals on possible dissent and future cuts.