Big Bank Earnings and Inflation Data Set to Dominate Market Focus

Wall Street braces for a pivotal week as major U.S. financial institutions including JPMorgan Chase, Wells Fargo, and Bank of America prepare to release second-quarter results. These reports come on the heels of successful Federal Reserve stress tests, with investors scrutinizing net interest income trends and lending activity for signals about the broader economy.

Tuesday's June Consumer Price Index data looms large, with Core inflation projected at 2.9% year-over-year. The reading could significantly influence Fed rate cut expectations, currently hovering at 67% probability for a September reduction according to CME FedWatch data.

Tech earnings take center stage Thursday with Netflix and Taiwan Semiconductor Manufacturing reporting. Their performance may set the tone for growth stocks amid ongoing market volatility.