S&P, Nasdaq Close at New Record Highs, Ignore Weakness in LEI

Company Performance - NXP Semiconductor (NXPI) reported Q2 earnings of $2.72 per share, exceeding the Zacks consensus by 6 cents, with revenues of $2.93 billion, surpassing the expected $2.90 billion [3] - Despite the positive earnings report, both top and bottom lines are down from year-ago figures, and shares fell by -2.4% in late trading [3] Economic Indicators - The U.S. Leading Economic Indicators (LEI) decreased by -0.3% in June, worse than the expected -0.2%, marking the first sub-99 print in over a year at 98.8 [4] - This LEI report indicates recession signals for the third consecutive month, with a significant downturn of -2.8 over the past six months, more than double the previous six-month total of -1.3 [5][6] Market Outlook - Coca-Cola (KO) is set to report Q2 earnings, expected to show a -1.2% year-over-year decline in earnings but a +1.86% increase in sales [8] - Coca-Cola has a strong track record, not missing earnings estimates for eight years, with an average earnings surprise of +5% over the last four quarters [8]