Tuesday features four key economic data releases, and some major earnings announcements, including Apple. Given the drubbing in the social media stocks over the past week, many will look to Apple’s EPS release to potentially turn the tide.
On the economic data front Tuesday morning, Personal Income and Spending will be out for June, followed by Conference Board Consumer Confidence, S&P CoreLogic, and the Chicago Purchasing Managers Index.
Additionally, the FOMC begins their meeting, with an announcement due out on Wednesday.
In short, investors have plenty to pay attention to on Tuesday and there will likely be increased volatility due to the volume of important releases.
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