As the Democrats take their turn this week, traders will have a big week watching Hillary of course, but also the FOMC 2-day meeting concludes on Wednesday and Apple (AAPL) will post earnings Tuesday after the close. Other earnings this week include Boeing (BA), Coca-Cola (KO) and Whole Foods Market (WFM) on Wednesday, Dow Chemical (DOW), Ford (F) and International Paper (IP) on Thursday and Friday energy titan Exxon-Mobil (XOM), Merck (MRK) and UPS (UPS) will report.
On the economic release front, the Chicago Purchasing Managers Index for July comes out on Friday morning. Throw in a couple of FED speakers toward the end of the week along with the FOMC meeting and investors may have a clear understanding of the future pace and timing of any more rate increases for this year. Most FED watchers will be tuned in to any comments about the global situation and the financial market’s reaction post-BREXIT.
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