HomeMarketsFive risks Wall Street will watch July 6–10

Five risks Wall Street will watch July 6–10

Posted: 4 July 2026, 10:03 CET 2 min read

Wall Street will watch five events July 6–10: Fed minutes, ISM services, semiconductor swings, early consumer earnings and oil-market developments.

Wall Street faces five scheduled items in the July 6–10 trading week: the Federal Reserve’s June meeting minutes, ISM Services PMI for June, renewed volatility in semiconductor stocks, second-quarter results from Levi Strauss and PepsiCo, and developments in oil markets. The S&P 500 remains near record levels after a strong first half of the year.

The Federal Open Market Committee minutes will be released on Wednesday and will include the full discussion from the June meeting, Kevin Warsh’s first as Fed chair. The June dot plot showed nine of 18 officials projecting policy rates would end 2026 above the current 3.50%–3.75% range. The June payrolls report showed an increase of 57,000 jobs, which trimmed near-term market expectations for an imminent rate hike.

The ISM Services PMI for June is scheduled for Monday at 10 a.m. ET. The May services reading was 54.5, a level that indicated expansion in that part of the economy.

Semiconductor stocks have traded with large swings in recent sessions. Korean memory companies and several U.S. chip names posted sharp moves last week. The Kospi index rose on Friday after a two-day decline. Samsung Electronics and SK Hynix rebounded on July 3 following a selloff on Thursday, while Micron Technology remained under pressure after a pronounced drop.

Levi Strauss will report second-quarter results on Wednesday, July 8, and PepsiCo will report on Thursday, July 9. Levi’s results will provide an early view of discretionary consumer spending and apparel demand. PepsiCo’s report will offer an early update on staples, including consumer tolerance for higher prices on snacks and beverages.

Oil prices have eased from recent wartime spikes. Brent crude was trading near $71.87 and West Texas Intermediate near $68.63, levels close to those before recent hostilities. Some shipping and insurance costs linked to regional disruptions remain elevated even as some traffic through the Strait of Hormuz has resumed.

Market participants note that Goldman Sachs has raised its year-end S&P 500 target to 8,000. Evercore ISI’s Krishna Guha described Warsh as ‘relaxed’ about the labour market at the June meeting. The items scheduled for next week will provide additional economic and corporate data for investors to review.