--- title: "The \"Super Week\" of US stocks is coming: Earnings season meets inflation data as Middle East conflict stirs the market" type: "News" locale: "en" url: "https://longbridge.com/en/news/292419523.md" description: "The US stock market welcomes a \"super week,\" with the second quarter earnings season and key inflation data (CPI, PPI) being released intensively. JPMorgan Chase and four other major banks, along with giants like Taiwan Semiconductor and Netflix, will announce their earnings, with the market focusing on AI investment returns and profit realization. At the same time, US military strikes against Iran have triggered geopolitical uncertainties, disturbing market sentiment. Last week, the S&P 500 and NASDAQ saw slight increases, while the Dow Jones experienced a slight decline" datetime: "2026-07-13T01:32:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292419523.md) - [en](https://longbridge.com/en/news/292419523.md) - [zh-HK](https://longbridge.com/zh-HK/news/292419523.md) --- # The "Super Week" of US stocks is coming: Earnings season meets inflation data as Middle East conflict stirs the market According to the Zhitong Finance APP, after a relatively calm week, the U.S. stock market is set to welcome a busy week: the second quarter earnings season officially kicks off, with multiple key economic data being released. Meanwhile, the U.S. military has launched a new round of strikes against Iran, and geopolitical uncertainties continue to disrupt the market. Last Friday, the S&P 500 index approached its all-time high, and SK Hynix (SKHYV.US) completed the largest IPO by a foreign company in U.S. history, soaring nearly 13% on its first day of trading, pushing AI trading back to the market's main focus. Last week, the S&P 500 rose 1.23%, the NASDAQ increased by 1.74%, while the Dow Jones fell by 0.50%. Wall Street's major banks officially kicked off the U.S. earnings season this week. JPMorgan Chase (JPM.US), Goldman Sachs (GS.US), Bank of America (BAC.US), Wells Fargo (WFC.US), and Citigroup (C.US) will all release their earnings reports on Tuesday, while Morgan Stanley (MS.US) and another financial services giant, BlackRock (BLK.US), will report on Wednesday. Additionally, pharmaceutical giant Johnson & Johnson (JNJ.US), industrial giant Kinder Morgan (KMI.US), and leading airline United Continental (UAL.US) will announce their earnings on Wednesday, while global AI chip foundry leader Taiwan Semiconductor (TSM.US), streaming giant Netflix (NFLX.US), and healthcare leader UnitedHealth (UNH.US) will report their results on Thursday. In terms of economic data, the Consumer Price Index released on Tuesday and the Producer Price Index released on Wednesday will provide investors with the latest data on U.S. inflation, while the University of Michigan Consumer Confidence Survey report will be released on Friday. **Core Investor Demand: Profit Realization** After a strong performance in the first quarter earnings season that exceeded market expectations, investors are looking forward to a continuation of impressive results in the second quarter, while also seeing returns from AI investments. This means that companies need to deliver a high-standard report for their second-quarter earnings. Jeffrey Buchbinder, Chief Equity Strategist at LPL Financial, pointed out that in the context of U.S. companies relying on AI to enhance production efficiency, profit margins "are the key factor in whether high profit growth can be sustained." He stated that corporate profit margins must effectively expand to convert revenue growth of just over 10% into at least double the profit growth, with the AI sector becoming the core pillar driving performance growth. Buchbinder specifically noted that chip giants Micron Technology (MU.US) and NVIDIA (NVDA.US) are expected to contribute 40% of the overall profit increment for the S&P 500 index, while AI infrastructure stocks are expected to contribute about 60%. Outside of the technology sector, only the energy sector is expected to contribute more than 1 percentage point to earnings per share growth. However, the first test facing the S&P 500 index will come from the financial services sector, where banks are expected to achieve significant profit growth again in the context of a surge in IPOs and trading volume **Key Data Released: Is Inflation Approaching a Cooling Turning Point?** Can June become a turning point for declining inflation in the United States? Economists predict there is a certain possibility. The U.S. Bureau of Labor Statistics will release the monthly Consumer Price Index (CPI) on Tuesday. Economists expect that after a 0.5% increase in May, the index will decrease by 0.1% month-on-month in June. The Producer Price Index (PPI), which measures wholesale inflation, will be released on Wednesday. Economists expect that after a month-on-month increase of 1.1% in May, the growth rate of the index will slow to 0.1% in June. Overall, the CPI and PPI are expected to rise year-on-year by 3.8% and 6.2%, respectively. Although these absolute values remain relatively high, they have clearly cooled compared to May (overall CPI year-on-year increase of 4.2% and overall PPI year-on-year increase of 6.5%). The core CPI, which excludes food and energy prices, is also expected to see a slowdown in year-on-year growth. For investors, this data will provide key information to help assess the likelihood and timing of potential interest rate hikes by the Federal Reserve as it strives to achieve its 2% inflation target. The market has fully priced in a 25 basis point rate hike by the Federal Reserve before December, but there remains significant divergence in economists' views. The minutes from the Federal Reserve's June meeting (the first meeting since Kevin Walsh took over as chair) indicate that nearly all members expressed a preference to maintain rates unchanged or even ease policy if inflation continues to cool; conversely, if inflation falls short of expectations, almost all members support tightening monetary policy. Capital.com analyst Daniela Hathorn stated in a report: “Although Walsh reiterated that the Federal Reserve will steadfastly implement the 2% inflation target, he has consistently refused to provide clear policy forward guidance, which has made the U.S. stock market highly dependent on the performance of various economic data.” **Middle East Tensions Escalate Again** On July 13 (Monday), at the beginning of the Asia-Pacific trading session, due to renewed tensions in the Middle East, U.S. stock index futures, precious metals, and cryptocurrencies all plummeted, while international oil prices surged significantly. According to reports, on July 12 local time, the U.S. Central Command stated that at 5 PM Eastern Time, the U.S. military began a new round of strikes against Iran, “aimed at continuing to weaken its ability to attack vessels freely passing through the Strait of Hormuz.” This marks the fourth strike by the U.S. military against Iran within a week. On July 11, the U.S. Central Command stated that the U.S. military completed its third strike against Iran that week. The U.S. military targeted approximately 140 Iranian military sites, including missile and drone launch sites, naval equipment, ammunition storage facilities, communication networks, and coastal surveillance points. Iran subsequently announced a series of strikes against U.S. targets in the Middle East. On July 12 local time, U.S. President Trump insisted in a media interview that the Strait of Hormuz “is open,” placing the blame for the recent mutual attacks between the U.S. and Iran on Iran. The Iranian Islamic Revolutionary Guard Corps Navy announced early on July 12 that, due to the unsafe situation caused by illegal foreign intervention, the Strait of Hormuz is now closed until further notice and until the U.S. ceases its interference in the region As of the time of publication, the three major U.S. stock index futures are collectively declining, with the NASDAQ 100 index futures down 0.51%, the S&P 500 index futures down 0.26%, and the Dow futures down 0.2%. ![83057fd1aa240b351530d248de6c9ba3.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260713/1783903955665571.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) The precious metals and cryptocurrency markets have fallen, while international oil prices have surged significantly. Spot gold is down 1.14%, reported at $4,073.37 per ounce; spot silver has dropped 2.23%, reported at $58.5 per ounce. Bitcoin is down 0.75%, and Ethereum is down 0.83%. As of the time of publication, WTI crude oil futures prices have surged 4.16%, reported at $74.38 per barrel; Brent crude oil futures prices have surged 3.93%, reported at $79.00 per barrel. ![210ad49bc46ff78f4d7b7c1a54a9666e.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260713/1783903945647884.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ### Related Stocks - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [NFXL.US](https://longbridge.com/en/quote/NFXL.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [TSMU.US](https://longbridge.com/en/quote/TSMU.US.md) - [TSMZ.US](https://longbridge.com/en/quote/TSMZ.US.md) - [NFLW.US](https://longbridge.com/en/quote/NFLW.US.md) - 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