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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InInvestors are entering a pivotal week on Wall Street with intense focus on the FOMC meeting minutes for clues on the future path of interest rates. Markets are also bracing for the kickoff of the Q2 corporate earnings season to gauge the financial health of the private sector, coinciding with expected initial analyst ratings for SpaceX following its recent public listing. These scheduled events are set to be the primary drivers of market risk appetite in the coming period.
This anticipation comes as global economic data shows notable divergence, with France's annual inflation rate cooling to 1.8% in June 2026, below the 2.1% forecast per market data. Conversely, UK data revealed a 0.6% quarterly GDP growth, placing US corporate performance under the microscope for comparison against global peers amidst a shifting inflationary environment.
Regarding price action, SpaceX (SPCX) stood at $162.00 at the close of July 2, 2026, with the stock trading between a high of $162.16 and a low of $155.88 in recent sessions. Traders should monitor the upcoming FOMC minutes as a core catalyst, alongside results from major banks that typically open the earnings season, to identify the next support and resistance levels for major market indices.