Next week: SpaceX joins the Nasdaq 100 as earnings season kicks off

TLDR

• SpaceX is set to join the Nasdaq 100 on Tuesday, July 8, after a volatile start since its IPO in June.
• The Wall Street analyst quiet period ends this week, allowing the first research reports on SpaceX to be published
• PepsiCo and Delta Air Lines reported second-quarter earnings, with a focus on consumers and fuel costs
• The Federal Reserve will release minutes from its June meeting on Wednesday, with signs expected to raise interest rates
• The Allen & Company Sun Valley Conference brings together top technology and media executives this week

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PepsiCo cut prices this winter after inflation pushed consumers away from full-priced items. Delta called demand “really great” in March but raised prices as costs rose. Both reports will give investors a clearer picture of how consumers are holding up.

#Profits For the week of July 6, 2026https://t.co/hLn2sKQhEY$Beep $dal $ping $ Levy $AZZ $bern $EPAC $Cross $WDFC $SMPL $full $Saudi Riyal $SLP $NTIC $ITGR pic.twitter.com/SKiRgSqlid

– Earnings Whispers (@eWhispers) July 2, 2026

Federal Reserve meeting minutes in focus

The Fed will release minutes from its June meeting on Wednesday at 2 p.m. ET. At that meeting, half of the committee members said they expected a rate hike before the end of the year. New Fed Chairman Kevin Warsh has been described as hawkish, and investors are looking for more details on the committee’s thinking.

Weekly unemployment claims and the New York Federal Reserve’s consumer inflation expectations survey will also be released. Last week’s jobs data came in weaker than expected, alleviating some concerns about raising interest rates.

Levi Strauss will report its second-quarter financial results on Wednesday. The retailer beat expectations last quarter and raised its outlook. Executives have credited the shift toward direct-to-consumer sales and a greater focus on non-jeans products.

Costco will also release its closely watched monthly sales numbers this week.

SpaceX enters the Nasdaq 100 index

SpaceX It joins the Nasdaq 100 before the opening bell on Tuesday. The index tracks the 100 largest non-financial companies on the Nasdaq and is used as a benchmark by many institutional funds. The inclusion is expected to increase demand for the stock with buying in index-tracking funds.

Just in: SpaceX $SPCX It will be added to the Nasdaq 100 index $QQQ ETFs this week. pic.twitter.com/FQdXhgoRPk

– Whale Insider (@WhaleInsider) July 5, 2026

SpaceX shares have been volatile since the company went public on June 12. The stock opened lower, rose to above $225 briefly — at one point making SpaceX more valuable than Amazon — and then fell to $147. It closed last week at $162. Analysts do not expect volatility to stabilize soon.

This week also marks the end of a quiet period for Wall Street analysts following SpaceX’s IPO. Companies can now publish their first research reports on the company. These ratings could move the stock.

The Allen & Company Sun Valley Conference begins this week. Executives from Apple, Amazon, Meta, Google, Netflix, Disney and Warner Bros. are expected to attend the conference. Discovery. The Raise Summit AI conference will be held in Paris at the same time, and will include leaders from GoogleBroadcom, Anthropic, and OpenAI.

The three major US stock indexes ended the second quarter with double-digit gains. Last week was a short holiday week, and all three indicators ended in positive territory.