Wall Street is gearing up for a quarterly results whirlwind this coming week.
One-third of the 30 components of the Dow Jones Industrial Average DJIA, -0.25% and roughly the same share of the S&P 500 index SPX, -0.62% 144 companies, are due to report, making for one of the busiest earning stretches this season and the most frenzied for the Dow.
Ten members of the blue-chip Dow index, including Coca-Cola Co. KO, -1.23% Caterpillar Inc. CAT, +1.77% United Technologies Corp. UTX, +0.83% McDonald’s Corp. MCD, -0.17% and Visa Inc. V, -0.71% are among the names set to report.
Among the S&P 500, social-media giant Facebook Inc. FB, -1.21% will deliver its results July 24, with investors likely to be keenly focused on the company that has returned more than 50% so far in 2019, amid its controversial Libra coin venture.
The parade of reports could help lend some focus to a market that has mostly skidded lower over the past several sessions, with all three benchmarks finishing Friday with their steepest weekly declines since the end of May as investors quickly downgraded the likelihood of a 50-basis-point cut to key interest rates by the Federal Reserve.
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