Aug. 4 at 2:36 AM
Tuesday's market focus will center on a busy earnings calendar, key macro commentary, and AI-related stocks. Before the opening bell, investors will watch results from Caterpillar, McDonald's, Merck, and Pfizer, with Caterpillar's outlook on data center infrastructure demand expected to be closely scrutinized after the stock's recent pullback despite remaining up 45% year-to-date.
Markets will also follow appearances by Treasury Secretary Scott Bessent and Philadelphia Fed President Anna Paulson, with attention on the recent U.S.-Japan intervention in the yen and expectations for future Federal Reserve policy.
After the close, AMD and SpaceX will report quarterly results. AMD options imply a move of about 7.35%, while investors will closely monitor SpaceX following its nearly 50% decline from June highs and ahead of additional shares entering the market. Meanwhile, Snap jumped more than 7% after beating Q2 revenue expectations and citing improving advertising demand
$CAT $MCD $PFE $AMD