Earnings Season Takes Center Stage Amidst Economic Data Release

Next week's economic data includes US services and manufacturing PMIs for June. Earnings season takes center stage, with reports from major companies like Alphabet, American Airlines, AT&T, and Tesla. The week starts with US leading economic indicators on Monday and ends with durable-goods orders on Friday. Jobless claims, existing and new home sales, and services and manufacturing PMIs are also scheduled.

Next week promises a mix of economic data releases and earnings reports from major companies, offering insights into the current economic climate and corporate performance. The week begins with the U.S. leading economic indicators on Monday, July 21, and concludes with durable-goods orders on Friday, July 25. Key economic data points include the S&P flash U.S. services and manufacturing purchasing managers' indexes (PMIs) for June, scheduled for Thursday, July 24.

Earnings season will be in full swing, with several notable companies reporting their results. Alphabet (GOOGL) is expected to report earnings on Wednesday, July 23, with analysts projecting a year-over-year increase in earnings driven by higher revenues [3]. American Airlines (AAL), AT&T (T), and Tesla (TSLA) are among the other major companies slated to release their earnings during the week.

Additionally, the week will feature existing home sales on Wednesday, July 23, and new home sales on Thursday, July 24. Jobless claims will also be released on Thursday, providing insights into the labor market.

Investors should closely monitor these releases, as they offer valuable information about the health of the economy and the financial performance of key companies. The S&P flash PMIs will be particularly important, as they provide early indicators of economic activity in the services and manufacturing sectors.

References:
1. [Schaeffers Research](https://www.schaeffersresearch.com/content/news/2025/07/17/manufacturing-services-data-on-tap-as-earnings-pick-up)
2. [SCMP](https://www.scmp.com/news/asia/east-asia/article/3318451/japanese-shipping-giant-k-line-divert-us-services-over-trump-tariff-fears-ceo-says)
3. [Yahoo Finance](https://finance.yahoo.com/news/alphabet-googl-earnings-expected-grow-140023733.html)