EL7.AI
Stocks•5 July 2026•
1 min read

Wall Street Eyes FOMC Minutes, Q2 Earnings, and SpaceX Ratings

Key Facts

1Markets are awaiting the release of the latest FOMC meeting minutes for clues on monetary policy.
2The second-quarter corporate earnings season is set to begin as investors monitor financial results.
3The first analyst ratings for the newly public SpaceX are expected to be released.

Investors 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.