Investment Review №350. A Shift in Priorities
S&P 500: July 14–24, 2026
Key Events on the US Stock Market
14.07.2026 — 7 543
- U.S. inflation in June came in below estimates: the headline CPI declined 0.4% MoM, while the core index remained unchanged. Lower gasoline prices, with no growth in core inflation, eased price pressures.
16.07.2026 — 7 533
- U.S. retail sales rose 0.2% MoM in June, while the core metric was up 0.8%. Consumer demand remained resilient despite lower gasoline spending.
22.07.2026 — 7 498
- Alphabet reported better-than-expected results, driven by Google Cloud, whose revenue grew 82% YoY and operating income more than tripled.
23.07.2026 — 7 408
- Lockheed Martin beat expectations, raising its full-year guidance amid growth in revenue, earnings, and record new orders. Its order backlog reached $230.4bn.
24.07.2026 — 7 411
- The S&P Global services PMI grew to 53.6 points in July, versus 51.3 expected. Readings above 50 indicate an acceleration in services activity.
- American Express reported results generally in line with consensus, slightly raising its 2026 revenue outlook but keeping its EPS forecast unchanged.