US Manufacturing Growth Hits 4-Year High; Busy Earnings Week Ahead
U.S. manufacturing expanded at the fastest pace in more than four years, while investors brace for a heavy week of earnings from nearly 15% of the S&P 500 by market cap and SpaceX's first public report.
Equity markets face a pivotal week as roughly 15% of the S&P 500 by market capitalization is set to report quarterly results. The earnings deluge coincides with SpaceX's first report as a public company on Tuesday, which precedes one of the largest share unlock events in capital markets history.
In economic data, U.S. manufacturing activity expanded in July at its fastest rate in more than four years, offering a positive signal for the industrial sector.
Source: First Squawk