Dow ends week on a high | Treasury running out of cash? | Stocks that go bonkers after earnings

FRI, JUL 12, 2019

EVENING BRIEF

AS OF FRI, JUL 12, 2019 • 04:00 ET

DJIA		27329.93
		+0.89%	+241.85

S&P 500		3013.59
		+0.46%	+13.68

NASDAQ		8244.14
		+0.59%	+48.10

Most Active

DOW
NAME	LAST	CHG	%CHG
PFE	42.40	-0.58	-1.35%
INTC	49.92	+1.32	+2.72%
MSFT	138.90	+0.50	+0.36%

S&P 500
NAME	LAST	CHG	%CHG
AMD	33.21	+0.15	+0.45%
F	10.49	+0.30	+2.94%
GE	10.37	+0.26	+2.57%

NASDAQ
NAME	LAST	CHG	%CHG
AMD	33.21	+0.15	+0.45%
TMUS	79.45	+1.19	+1.52%
MU	44.51	+1.03	+2.37%

EDITOR'S NOTE

Stocks ended on a high note this week after Federal Reserve Chair Jerome Powell assured investors the Fed is ready to act to cut rates, and if needed, defend the U.S. economy from trade war and global growth impacts. But earnings season could throw a wrench in the historic market rally.

Major S&P 500 companies from J.P. Morgan to Microsoft start rolling out second-quarter earnings next week. Slowing growth and the trade war's tariffs may start showing up in corporate earnings, making them the latest risk to the market rally, CNBC's Patti Domm writes in her week ahead preview. Citi kicks things off Monday, followed by other major banks and Netflix, the first of the so-called FANG stocks to report, on Wednesday.

While some analysts expect earnings to cause bumps, the bigger catalyst for markets would still be any developments in the trade war, Domm reports. So far, Washington and Beijing declared a truce at the G-20 meeting in June — but we've seen no real public progress in the talks since. The market is also on data watch, with investors eyeing any reports that will provide clues on whether the Fed will pull the trigger on an interest rate cut. Powell told Congress that retail sales are one of the key reports he will be watching. Sales data for June is expected Tuesday morning.

Retailers will also be in the headlines (even ahead of the retail sales report) with Amazon's Prime Day on Monday. Some analysts expect this to be the biggest sales day yet for Amazon, surpassing Black Friday and its own year-earlier Prime Day, and rival retailers are expected to respond with their own online promotions.

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