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American Financial Services We are a full-service, independent agency. We offer competitive diversification.

Through our relationship with Cambridge Investment Research, we work with a carefully selected group of sound, reputable insurance companies and money managers. There is no question that retirement comes with its own unique set of challenges. At American Financial Services, we strive to use our experience, skill, and thorough understanding of your needs to build an estate plan for your family th

at has the highest likelihood of helping you face these challenges with success. Most of our clients lack the time, the desire, or the experience to fully
develop their estate plan. We consider it an honor and a privilege to help our clients make sound financial decisions that will help contribute to a more secure future.

Weekly Market Insights | Stocks Upbeat on AI; Warsh: "Less is More."Stocks rebounded last week as falling bond yields an...
08/31/2026

Weekly Market Insights | Stocks Upbeat on AI; Warsh: "Less is More."

Stocks rebounded last week as falling bond yields and upbeat AI-related corporate reports rekindled positive market sentiment despite the Fed Chair’s slightly hawkish speech.

The Standard & Poor’s 500 Index gained 0.49 percent, while the Nasdaq Composite Index rose 0.85 percent. The Dow Jones Industrial Average added 0.53 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, lost 0.17 percent.1,2

An Active News Week
Chip stocks fell as the week kicked off, dragging down the S&P 500 and Nasdaq. Reports that the Treasury Department may buy back its own bonds helped drive yields lower.3,4

Midweek, the Personal Consumption Expenditures (PCE) Report, the Fed's preferred inflation gauge, came in a little hotter than expected. However, core PCE, which excludes food and energy, was in line with forecasts.5

Market sentiment got a lift on Thursday as investors cheered upbeat Q2 corporate reports. A handful of high-profile tech companies said AI helped drive Q2 results and provided strong guidance. Semiconductor stocks and adjacent names in the AI trade led the rebound, driving broader gains for the Nasdaq and S&P 500.6

On Friday, stocks initially shrugged off Fed Chair Kevin Warsh’s keynote speech, but sellers gained the upper hand later in the session. Short- and intermediate-term Treasury yields, including that of the bellwether 10-year Treasury note, rose as investors digested Warsh’s comments on inflation.7

Signals from Jackson Hole
At the Federal Reserve's 2026 Economic Policy Symposium in Jackson Hole, Fed Chair Warsh expressed concerns about current inflation trends. He also said that he believes “less is more” when it comes to the Fed communicating about future policy moves.

In separate speeches, Cleveland Fed President Beth Hammack, Dallas Fed President Lorie Logan, and Minneapolis Fed President Neel Kashkari appeared to support higher short-term rates. Fed Governor Christopher Waller, Kansas City Fed President Jeffrey Schmid, and Vice Chair Philip Jefferson also took a modestly hawkish tone in their statements.8

This Week: Key Economic Data
Tuesday: Purchasing Managers Index (PMI)—Manufacturing. Construction Spending. Job Openings & Labor Turnover Survey.

Wednesday: ADP National Employment Report (private sector). Factory Orders. Federal Reserve Beige Book.

Thursday: Trade Balance. Weekly Jobless Claims. Purchasing Managers Index (PMI)—Services. Fed speeches, ‘Connecting Communities’ online event: Beth Hammack (Cleveland), Austan Goolsbee (Chicago).

Friday: U.S. Employment Report.

Source: Investor’s Business Daily - Econoday economic calendar: August 28, 2026.
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings
Tuesday: Dell Technologies Inc. (DELL), Palo Alto Networks, Inc. (PANW), Medtronic (MDT)

Wednesday: Broadcom Inc. (AVGO), Snowflake Inc. (SNOW), Hewlett-Packard Enterprise Company (HPE)

Thursday: Ciena Corporation (CIEN)

Source: Zacks, August 28, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

Source: YCharts.com, August 29, 2026. Weekly performance is measured from Monday, August 24 to Friday, August 28. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

Weekly Market Insights | Stocks Slip; Attention Shifts to BondsStocks declined last week as global investors fretted abo...
08/24/2026

Weekly Market Insights | Stocks Slip; Attention Shifts to Bonds

Stocks declined last week as global investors fretted about oil-supply-induced inflation.

The Standard & Poor’s 500 Index declined 1.43 percent, while the Nasdaq Composite Index slid 2.05 percent. The Dow Jones Industrial Average slipped 0.85 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, lost 0.40 percent.1,2

Bond Yields Up, Stocks Under Pressure
Bond yields spiked at the start of the week, putting a squeeze on stock prices. The yield on the 30-year Treasury bond hit a 19-year high.

Markets continued their slide on Tuesday as investors fretted over inflation. Yields on bonds around the world rose to multi-decade highs.3,4

Stocks steadied, and bond yields fell midweek as investors responded to the Treasury Department’s announcement that it would buy back long-term debt to help stabilize interest rates. However, the Wednesday morning rally petered out as the session progressed into the afternoon.5,6

Stocks rebounded to finish a tough week on a positive note despite rising oil prices.7

A Bee in the Bonnet
Last week, yields on bonds issued by sovereign governments around the world rose to multi-year highs, including in Japan and throughout Europe.

Investors in these bonds decided they needed higher yields to compensate for ongoing global issues. As a result, the cost to borrow money went up. And because bond prices and yields move in opposite directions, the value of these bonds fell.

The Treasury Department stepped in on Wednesday to say that it would double the size of its current repurchases of longer-term (10- to 30-year) Treasury debt. It’s uncertain how the move could influence markets.8

This Week: Key Economic Data
Tuesday: S&P Cotality Case-Shiller Home Price Index. New Home Sales. Consumer Confidence (Conference Board).

Wednesday: Durable Goods. Gross Domestic Product (GDP), 2nd estimate. Personal Consumption Expenditures (PCE) Index.

Thursday: Weekly Jobless Claims. Trade Balance in Goods. Wholesale Inventories. Retail Inventories.

Friday: Consumer Sentiment (U. Michigan).

Source: Investor’s Business Daily - Econoday economic calendar: August 21, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings
Tuesday: Intuit Inc. (INTU)

Wednesday: Nvidia Corporation (NVDA), CrowdStrike (CRWD), Salesforce, Inc. (CRM), Synopsys, Inc. (SNPS)

Thursday: Marvell Technology, Inc. (MRVL), Autodesk, Inc. (ADSK)

Source: Zacks, August 21, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

Source: YCharts.com, August 22, 2026. Weekly performance is measured from Monday, August 17 to Friday, August 21. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

L to R: Peter Thomas, Father John LoCoco (St. John Vianney), Stan Zurawski, Father Peter Danner (St. John Vianney).  The...
08/20/2026

L to R: Peter Thomas, Father John LoCoco (St. John Vianney), Stan Zurawski, Father Peter Danner (St. John Vianney). The Legend at Bristlecone Pines. 08/20/26.

L to R - Dan Blong, Stanley Zurawski, Stan Zurawski, Alex Mirsberger. 08-19-26. Bluemound Country Club. Mount Mary in th...
08/20/2026

L to R - Dan Blong, Stanley Zurawski, Stan Zurawski, Alex Mirsberger. 08-19-26. Bluemound Country Club. Mount Mary in the background.

The “E” in P/E Ratio Has Changed in 2026In the simplest of terms, stock prices are driven by two forces:- Earnings- The ...
08/18/2026

The “E” in P/E Ratio Has Changed in 2026

In the simplest of terms, stock prices are driven by two forces:
- Earnings
- The price that investors are willing to pay for those earnings

And this year, estimates for the “E” in P/E ratio are trending up. As you can see in the chart, the 2026 and 2027 estimates for the Standard & Poor’s 500 are higher than they’ve ever been, following Q2 earnings revisions.

Why the change? Mostly it’s due to the rosy economic outlook. Gross Domestic Product increased by 1.5 percent in Q2, and the Atlanta Fed’s GDPNow estimate for Q3 was more than 5 percent on August 6.

So despite the mixed signals from the Fed on short-term interest rates and inflation, S&P 500 companies are having a banner year, and that trend is expected to continue into 2027.

But before you start popping the champagne, remember that September and October are just around the corner. Those two months can be volatile, so while optimism is in the air, it may come face-to-face with some short-term price swings.

So stay focused and committed to your strategy. And if the markets get bumpy, take a moment and ask yourself, "Is there any news associated with the short-term price swings that would change the long-term outlook that companies are talking about?”

AtlantaFed.org, August 12, 2026

Weekly Market Insights | Inflation Cools Again; S&P Up Third WeekStocks were mixed over a sleepy summer week, as cooling...
08/17/2026

Weekly Market Insights | Inflation Cools Again; S&P Up Third Week

Stocks were mixed over a sleepy summer week, as cooling inflation lifted markets while sluggish retail sales nipped at investor sentiment.

The Standard & Poor’s 500 Index added 0.36 percent, while the Nasdaq Composite Index edged up 0.14 percent. The Dow Jones Industrial Average slid 0.56 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, advanced 0.26 percent.1,2

Third Straight for S&P 500
Stocks began the week with mild declines, with megacap tech names under pressure as investors anxiously awaited inflation updates.3

But spirits lifted midweek as a July inflation report showed consumer prices increased at a slower pace, leading investors to hope the Fed would not adjust rates at its next meeting.

The AI trade also jumped back into the driver’s seat to add momentum. The rebound rally extended into Thursday as investors cheered a cooler-than-expected report that showed wholesale inflation slowed over the prior month. Falling oil prices also gave stocks a boost.4,5

While stocks slipped slightly on Friday, the S&P 500 and Nasdaq each logged their third consecutive winning week.6

Inflation Cools, Spending Slows
Wednesday’s Consumer Price Index (CPI) report showed consumer prices rose 0.1 percent in July over the prior month and 3.4 percent over the prior 12 months. Both figures came in as expected, which was welcomed news for investors.

Thursday’s Producer Price Index (PPI) showed that the pace of wholesale inflation also slowed more than expected.7

But the inflation update was somewhat countered by news that consumers spent less in July. Economists expected a 0.1 percent increase in July retail sales over the prior month, but they actually fell 0.6 percent month-over-month.8

This Week: Key Economic Data
Monday: NAHB Housing Market Index.

Tuesday: Housing Starts. Import Prices. Industrial Production. Capacity Utilization. Pending Home Sales.

Wednesday: Fed Meeting Minutes from July published.

Thursday: Weekly Jobless Claims. Leading Indicators.

Friday: Purchasing Managers Index (PMI)—Manufacturing. PMI—Services.

Source: Investor’s Business Daily - Econoday economic calendar: August 14, 2026.
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings
Tuesday: The Home Depot, Inc. (HD), Keysight Technologies Inc. (KEYS)

Wednesday: Analog Devices, Inc. (ADI), The TJX Companies, Inc. (TJX), Lowe’s Companies, Inc. (LOW), Target Corporation (TGT)

Thursday: Walmart Inc. (WMT), Deere & Company (DE), Ross Stores, Inc. (ROST)

Source: Zacks, August 14, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

Source: YCharts.com, August 15, 2026. Weekly performance is measured from Monday, August 10 to Friday, August 14. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

Weekly Market Insights | Stocks Have Best Week in Four MonthsStocks bolted ahead last week as investors cheered the last...
08/10/2026

Weekly Market Insights | Stocks Have Best Week in Four Months

Stocks bolted ahead last week as investors cheered the last big week of Q2 corporate reports and a Friday jobs update that put the spotlight on the Fed's next move with short-term rates.

The Standard & Poor's 500 Index advanced 3.57 percent, while the Nasdaq Composite Index gained 5.19 percent. The Dow Jones Industrial Average rose 2.96 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, added 2.32 percent.1,2

Best Week in Nearly 4 Months
Stocks opened the week strong as oil prices slid on news of diplomatic efforts in the Middle East. Big Tech led, which helped push the Dow Industrials to a record close.3

Investor optimism continued to build on Tuesday as stocks opened higher and climbed throughout the day. Strong Q2 corporate reports added fuel to the rally, lifting all three averages into a second day of robust gains.4

Markets opened higher on Wednesday but lost momentum as the day progressed. On Thursday, oil prices crept higher, and stocks went sideways as investors awaited updates on the Middle East and digested the final big trove of Q2 corporate results.5,6

Then, on Friday, an unexpected contraction in the labor market boosted stocks as investors hoped the jobs data might influence the Fed's outlook for short-term rates.

Each major average logged its best weekly gain since mid-April.7

Labor Market Update
The economy unexpectedly shed 23,000 jobs in July, based on the Labor Department's report released Friday. Economists expected 83,000 jobs to be created. July's decline was the first monthly contraction in the labor market since February.8

Additionally, the number of jobs added in May and June was revised down by 103,000, reinforcing evidence of a cooling job market. Meanwhile, unemployment edged down to 4.1 percent as fewer people looked for work.8

This Week: Key Economic Data
Tuesday: NFIB Small Business Optimism Index. Existing Home Sales. New York Fed Q2 Household Debt & Credit Report.

Wednesday: Consumer Price Index (CPI). Monthly Treasury Balance.

Thursday: Fed Speeches: Beth Hammack (Cleveland) and Thomas Barkin (Richmond). Weekly Jobless Claims. Producer Price Index (PPI).

Friday: Retail Sales. Manufacturing & Trade: Inventories. University of Michigan Consumer Survey.

Source: Investors Business Daily - Econoday economic calendar; August 7, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings
Monday: Simon Property Group, Inc. (SPG)

Tuesday: Lumentum Holdings Inc. (LITE)

Wednesday: Cisco Systems, Inc. (CSCO)

Thursday: Applied Materials, Inc. (AMAT), Brookfield Corporation (BN)

Source: Zacks, August 7, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

Source: YCharts.com, August 8, 2026. Weekly performance is measured from Monday, August 3 to Friday, August 7. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

Weekly Market Insights | Stocks Rally After Fed HoldStocks pushed through another volatile summer week as diverging Q2 c...
08/03/2026

Weekly Market Insights | Stocks Rally After Fed Hold

Stocks pushed through another volatile summer week as diverging Q2 corporate reports and the Fed's rate decision whipsawed prices.

The Standard & Poor’s 500 Index rose 1.05 percent, while the Nasdaq Composite Index advanced 1.59 percent. The Dow Jones Industrial Average added 1.04 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, increased 2.13 percent.1,2

Tech Stocks Steal Spotlight
Chip stocks were under pressure at the start of the week as investors fretted over fresh competition from China and higher-than-expected AI capital expenditures. But the Dow pushed higher as oil prices slid and investors rotated out of technology.3,4

On Wednesday, the Federal Reserve said it was holding interest rates steady, a move that was initially well received by markets. But as the day progressed, selling picked up as investors expressed concern that the Fed was not doing enough to battle inflation.5

Markets rebounded on Thursday with semiconductors and big-tech names leading the way. The Nasdaq rose nearly 3 percent, ending its 6-day losing streak.6,7

Momentum from Thursday’s rally extended into Friday. Markets rose at open despite diverging Q2 earnings results from two influential tech companies. While it wasn’t a straight line, all three major averages built on gains throughout the day to end the week higher.8

Fed Watch
The Federal Open Market Committee voted 9-3 to hold rates steady: 9 voted to hold, while 3 voted to increase. The decision to hold rates was initially met with enthusiasm, but traders became increasingly unsettled as the day progressed.

At the Fed’s press conference, Chair Kevin Warsh explained the decision, but some were concerned that the Fed was underestimating inflation. The next scheduled two-day Fed meeting ends on September 16, so traders will have plenty of economic reports to assess overall consumer prices.9

This Week: Key Economic Data
Monday: Purchasing Managers Index (PMI)—Manufacturing. Construction Spending.

Tuesday: Trade. Job Openings & Labor Turnover. Factory Orders.

Wednesday: ADP Employment Report. PMI–Services.

Thursday: Productivity & Costs. Weekly Jobless Claims. Wholesale Trade.

Friday: U.S. Employment Report. Consumer Credit.

Source: Investor’s Business Daily - Econoday economic calendar: July 31, 2026.
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings
Monday: Palantir Technologies Inc. (PLTR), Vertex Pharmaceuticals Incorporated (VRTX), Marriott International, Inc. (MAR), The Williams Companies, Inc. (WMB)

Tuesday: Space Exploration Technologies Corp. (SPCX), Advanced Micro Devices, Inc. (AMD), Caterpillar Inc. (CAT), Merck & Co., Inc. (MRK), Arista Networks, Inc. (ANET), Amgen Inc. (AMGN), The McDonald’s Corporation (MCD), Gilead Sciences, Inc. (GILD), Pfizer Inc. (PFE), Booking Holdings Inc. (BKNG), Duke Energy Corporation (DUK), Spotify Technology (SPOT)

Wednesday: Eli Lilly and Company (LLY), Sandisk Corporation (SNDK), Western Digital Corporation (WDC), The Walt Disney Company (DIS), Shopify Inc. (SHOP), CVS Health Corporation (CVS), Uber Technologies, Inc. (UBER), AppLovin Corporation (APP), McKesson Corporation (MCK)

Thursday: ConocoPhillips (COP), Parker-Hannifin Corporation (PH), Howmet Aerospace Inc. (HWM), Constellation Energy Corporation (CEG)

Friday: Berkshire Hathaway Inc. (BRK.A / BRK.B)

Source: Zacks, July 31, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

Source: YCharts.com, August 1, 2026. Weekly performance is measured from Monday, July 27 to Friday, July 31. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

Weekly Market Insights | Earnings Season Arrives; Investors Take a BreathStocks ended last week down as Q2 corporate res...
07/27/2026

Weekly Market Insights | Earnings Season Arrives; Investors Take a Breath

Stocks ended last week down as Q2 corporate results, Middle East developments, and the chips trade took investors for a choppy ride.

The Nasdaq Composite Index was under the most pressure, falling 2.13 percent. The Standard & Poor’s 500 Index lost 0.61 percent, while the Dow Jones Industrial Average slipped 0.38 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, rose 0.35 percent.1,2

A Volatile Week
After a sluggish start on Monday, stocks rebounded on Tuesday as the chips trade led the markets higher, as investors turned their attention to Q2 corporate earnings results.3

Then stocks stalled midweek as oil prices and bond yields rose and investors digested some initial Q2 reports. The S&P 500 ended just below the flatline, while the Dow went sideways and the Nasdaq posted a modest loss.4

Stocks opened lower Thursday as mixed corporate updates from two of the world’s largest companies soured investor sentiment. One company said it was raising its AI spending forecast for the year, which unsettled investors who believed other companies may have to do the same.5

Sentiment turned positive Friday morning as investors cheered quarterly results and guidance for one big tech company. But markets retreated in the afternoon as investors fretted over oil prices.6

The Importance of Guidance
Last week was one of the busiest for the Q2 2026 corporate reporting season.5

Corporate earnings are a key driver of stock prices, so updated corporate guidance can increase market volatility. Last week, two influential companies said they intended to spend more money this year than expected, which caught investors off guard.5

As more Q2 corporate reports get released, expect investors to pay close attention to any spending updates for other companies.

This Week: Key Economic Data
Monday: Durable Goods.

Tuesday: Federal Open Market Committee (FOMC) meeting—Day 1. Advance Economic Indicators. Retail & Wholesale Inventories. S&P Cotality Case-Shiller Home Price Index. Consumer Confidence.

Wednesday: FOMC meeting—Day 2. Fed Interest Rate Decision.

Thursday: Gross Domestic Product (GDP), Q2. Weekly Jobless Claims. Personal Consumption Expenditures (PCE) Price Index.

Friday: Employment Cost Index. University of Michigan Consumer Survey (Final).

Source: Investors Business Daily - Econoday economic calendar; July 24, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings
Monday: Welltower Inc. (WELL), Cadence Design Systems, Inc. (CDNS), Nucor Corporation (NUE)

Tuesday: Visa Inc. (V), The Coca-Cola Company (KO), KLA Corporation (KLAC), The Boeing Company (BA), Corning Incorporated (GLW), S&P Global Inc. (SPGI), United Parcel Service, Inc. (UPS), Waste Management, Inc. (WM), The Sherwin-Williams Company (SHW), Illinois Tool Works Inc. (ITW), Mondelez International, Inc. (MDLZ), American Tower Corporation (AMT), Ecolab Inc. (ECL), Hilton Worldwide Holdings Inc. (HLT)

Wednesday: Microsoft Corporation (MSFT), Meta Platforms, Inc. (META), Lam Research Corporation (LRCX), The Procter & Gamble Company (PG), Amphenol Corporation (APH), Qualcomm Incorporated (QCOM), Starbucks Corporation (SBUX), Vertiv Holdings Co. (VRT), Fortinet, Inc. (FTNT), Equinix, Inc. (EQIX), General Dynamics Corporation (GD), Automatic Data Processing, Inc. (ADP), Robinhood Markets, Inc. (HOOD)

Thursday: Apple Inc. (AAPL), Amazon.com, Inc. (AMZN), Mastercard Incorporated (MA), Bristol Myers Squibb Company (BMY), Altria Group, Inc. (MO), Stryker Corporation (SYK), The Southern Company (SO), Quanta Services, Inc. (PWR), Valero Energy Corporation (VLO), KKR & Co. Inc. (KKR), Intercontinental Exchange Inc. (ICE), Cigna Group (CI), American Electric Power Company, Inc. (AEP)

Source: Zacks, July 24, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

Source: YCharts.com, July 25, 2026. Weekly performance is measured from Monday, July 20 to Friday, July 24. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

Weekly Market Insights | Inflation Retreats; Chips StumbleStocks fell last week as the chip-stock trade entered a sellof...
07/20/2026

Weekly Market Insights | Inflation Retreats; Chips Stumble

Stocks fell last week as the chip-stock trade entered a selloff phase, despite upbeat news on inflation.

The Standard & Poor’s 500 Index fell 1.55 percent, while the Nasdaq Composite Index declined 2.90 percent. The Dow Jones Industrial Average slipped 0.93 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, lost 0.80 percent.1,2

Chip Stocks Under Pressure
Renewed tensions in the Middle East gripped investors as the week kicked off. Stocks slid broadly as oil prices climbed.3

On Tuesday, investors cheered news of the first drop in consumer inflation in six years. The following day, an unexpected drop in wholesale inflation prompted investors to rethink the Fed’s next move on short-term interest rates.4,5

But on Thursday, the S&P 500 opened lower as chip stocks dragged the broader market lower once again.6

As the week wrapped up, the S&P lost over 1 percent on Friday, while the Nasdaq fell 1.4 percent as investors appeared to rotate out of chip stocks and other tech names in favor of other sectors.7

Inflation Declines
The Consumer Price Index (CPI) surprised Wall Street last week, falling 0.4 percent in June from the prior month. While month-over-month inflation has decelerated at times over the past six years, this was the first monthly decline in consumer prices since April 2020.8

Wednesday’s Producer Price Index report showed that monthly wholesale inflation unexpectedly declined 0.3 percent in June. Later in the day, New York Fed President John Williams said that he believed inflation had likely peaked.9

This Week: Key Economic Data
Monday: Leading Indicators. Three-Month Treasury Bill Auction. Fed Board of Governors (closed) meeting.

Tuesday: Treasury Buyback Announcement.

Wednesday: Atlanta Fed Business Inflation Expectations. 20-Year Treasury Bond Auction. EIA Petroleum Status Report.

Thursday: Weekly Jobless Claims. Kansas City Fed Survey. EIA Natural Gas Report. Fed Balance Sheet.

Friday: Purchasing Managers Index (PMI) Composite–Manufacturing. PMI Composite–Services. New Home Sales.

Source: Investor’s Business Daily - Econoday economic calendar: July 17, 2026.
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings
Tuesday: The Charles Schwab Corporation (SCHW), Interactive Brokers Group, Inc. (IBKR), Danaher Corporation (DHR), Capital One Financial Corporation (COF), Marsh (MRSH), 3M Company (MMM), Northrop Grumman Corporation (NOC), General Motors Company (GM)

Wednesday: Alphabet Inc. (GOOG/GOOGL), Tesla, Inc. (TSLA), GE Vernova Inc. (GEV), Philip Morris International Inc. (PM), Texas Instruments Incorporated (TXN), AT&T Inc. (T), ServiceNow, Inc. (NOW), CSX Corporation (CSX), CME Group Inc. (CME), Moody’s Corporation (MCO), Kinder Morgan, Inc. (KMI))

Thursday: Intel Corporation (INTC), RTX Corporation (RTX), T-Mobile US, Inc. (TMUS), Thermo Fisher Scientific Inc. (TMO), Union Pacific Corporation (UNP), Lockheed Martin Corporation (LMT), Newmont Corporation (NEM), Blackstone, Inc. (BX), Freeport-McMoRan Inc. (FCX), Comcast Corporation (CMCSA)

Friday: American Express Company (AXP), NextEra Energy, Inc. (NEE), Verizon Communications Inc. (VZ), HCA Healthcare, Inc. (HCA)

Source: Zacks, July 17, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

Source: YCharts.com, July 18, 2026. Weekly performance is measured from Monday, July 13 to Friday, July 17. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

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