News Bulletin
Monday, July 20, 2026
Evening Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Monday, July 20, 2026 |
||||
|
10:00 |
US Leading Index (MoM)
(Jun) |
-0.20% |
-0.10% |
0.10% |
|
11:30 |
3-Month Bill Auction |
3.73% |
|
3.76% |
|
11:30 |
6-Month Bill Auction |
3.84% |
|
3.86% |
Indices
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
51,839.26 |
51,259.55 |
48,791.55 |
|
NASDAQ |
25,508.07 |
26,134.74 |
23,891.83 |
|
S&P 500 |
7,443.28 |
7,466.67 |
6,990.42 |
Earnings Calendar:
(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC:
After Market Close)
|
COMPANY |
EPS Act |
EPS
Fore |
Rev
Act |
Rev
Fore |
Mkt Cap |
Time |
|
Steel DynamicsSTLD:US |
|
3.98 |
|
5.65B |
$35.62B |
PM |
|
W.R. BerkleyWRB:US |
|
1.09 |
|
3.26B |
$16.78B |
PM |
|
Crown HoldingsCCK:US |
|
2.16 |
|
3.35B |
$11.77B |
PM |
|
Dominos PizzaDPZ:US |
4.07 |
4.26 |
1.19B |
1.19B |
$11.56B |
AM |
|
American Capital AgencyAGNC:US |
|
0.38 |
|
1.05B |
$9.80B |
PM |
|
Zions BancorporationZION:US |
|
1.55 |
|
872.5M |
$9.23B |
PM |
|
Wintrust FinancialWTFC:US |
|
3.13 |
|
737.21M |
$9.15B |
PM |
|
BOK FinancialBOKF:US |
|
2.66 |
|
564.12M |
$8.59B |
PM |
|
ServisFirst BancsharesSFBS:US |
|
1.56 |
|
167.61M |
$4.33B |
PM |
|
BancfirstBANF:US |
|
1.73 |
|
176.02M |
$3.99B |
|
|
CalixCALX:US |
|
0.41 |
|
289.95M |
$3.29B |
PM |
|
MonarchMCRI:US |
|
1.67 |
|
142.16M |
$2.21B |
PM |
|
1st SourceSRCE:US |
|
1.66 |
|
113.3M |
$2.06B |
|
Market News:
U.S. stocks began Monday’s session on a
bright note, but soon gave up gains and traded mixed for most of the day and
eventually ended in negative territory. Amid a dearth of economic data and the
Federal Reserve’s communications blackout, investors this week are looking to
the earnings season for further market catalysts. Meanwhile, rising tensions in
the Middle East will remain in the spotlight.
Wall Street on Friday snapped a two-week
win streak, driven by a sustained sell-off in chip stocks that pushed the
Philadelphia Semiconductor Index into bear market territory amid concerns about
the high-flying artificial intelligence trade.
Sentiment was also pressured by spiking
oil prices due to the escalating situation between the U.S. and Iran which
offset positive inflation data. A post-earnings slide in Netflix further
dampened the mood.
The benchmark S&P 500 index shed
0.2% to close at 7,445.94 points, while the blue-chip Dow Jones Industrial
Average declined 0.6% to settle at 51,841.28 points. The tech-heavy NASDAQ
Composite fared slightly better, slipping 0.1% to conclude at 25,508.07 points
Chip stocks bounce back from bear market
The AI boom, despite driving much of the
gains in equities this year, has recently been hit with a bout of profit-taking
amid questions around the longevity of a massive spending surge on the nascent
technology. Mega-cap names such as members of the Magnificent Seven have
outlined plans to shell out billions of dollars in building out AI
infrastructure, boosting jitters about returns. Blowout quarterly reports from
major names in the space so far have failed to calm nerves.
The AI trade was significantly hit on
Friday by worries around competition from China. Moonshot
AI, a Beijing-based startup developing generative AI
and large language models, unveiled its Kimi K3
model, a gargantuan 2.8-trillion-parameter system that it said rivaled U.S. models such as those from Anthropic
and OpenAI.
"One of the longer-term challenges
is that no one really knows who the ultimate winners and losers of the AI race
will be, even if it is increasingly clear that AI will be a major force for global
productivity in the years ahead. A case in point came from developments in
China’s AI ecosystem at the end of last week," Deutsche Bank’s Jim Reid
said.
"Chinese models are increasingly
being priced at levels broadly comparable to mid-tier U.S. models despite
delivering performance that approaches higher-end systems, implying a
materially lower cost-to-intelligence ratio. This challenges the economics
underpinning the current U.S.-led AI stack, where frontier capability has
traditionally been associated with extremely high levels of compute and capital
intensity," he added.
On Monday, chip stocks bounced back
after their steep losses, with the Philadelphia Semiconductor Index advancing
0.6%. Marvell ended among the top percentage gainers on the Nasdaq
Composite.
Tesla, Alphabet headline earnings
Traders are now looking ahead to this
week’s earnings for more clues on AI and for the broader market.
In terms of AI, Alphabet’s quarterly
report will be closely perused, especially after a Bloomberg report last week
that Google was months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model. Reports from Intel and
Texas Instruments could offer a fresh look into the state of heavy spending on
the infrastructure needed to power AI.
Other major names on this week’s docket
include Elon Musk’s Tesla, major automaker General
Motors, defense contractors RTX and Lockheed Martin,
industrial giant Honeywell, and credit-card issuer American Express.
Trump says Iran will ’pay’ after deaths
of U.S. service members
Turning to the Middle East, Washington
and Tehran ramped up their rhetoric against each other amid continued fighting.
The U.S. military has now pounded Iran for nine consecutive days with strikes,
prompting attacks from the country on critical infrastructure sites across the
Gulf region.
On Sunday, U.S. Central Command said
three service members had been killed by Iranian attacks.
"Every time Iran kills an American
Soldier they will pay for that killing many times over! This directive has been
passed on to Secretary of War, Pete Hegseth, Chairman
of the Joint Chiefs of Staff, Daniel Caine, and every
Leader in the Military," President Donald Trump posted on his Truth Social
service on Monday.
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