10-Year Yield on Cusp of Breakout as All Eyes Turn to PCE, GDP Data

Market Overview Analysis by Michael Kramer covering: Nasdaq 100, S&P 500, Microsoft Corporation, Alphabet Inc Class A. Read Michael Kramer's latest article on Investing.com

Stocks finished flattish on the day, but we are moving into the busiest part of the week. Now that Meta’s results are out of the way, we will have). On top of that, next week will be even busier with an “alphabet soup” of economic data points and more big earnings reports.

The company noted that second-quarter revenue would be $37.75 billion at the mid-point, a miss versus estimates for $38.2 billion. Meanwhile, the company said capex would rise to $37.50 billion versus estimates for $34.5 billion. They are making less than expected and spending more, which has the stock sinking 12.6%.

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