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]

Market Overview - Pre-market futures indicate a positive start to the trading week, with the Dow up 70 points, S&P 500 up 10 points, Nasdaq up 25 points, and Russell 2000 up 13 points, although all indexes are off their all-time highs from earlier in the month [1] Company Earnings - Cleveland-Cliffs (CLF) reported a loss of -$0.50 per share, better than the projected -$0.68, with revenues of $4.93 billion exceeding Zacks consensus by +0.62%, leading to a +4.5% increase in shares [2] - Domino's Pizza (DPZ) missed earnings expectations by -3% with earnings of $3.81 per share, marking its second miss in three quarters, but revenues of $1.15 billion were above expectations, reflecting a +4.3% year-over-year increase, resulting in a +3% rise in shares [2] Economic Indicators - The U.S. Leading Economic Indicators (LEI) report for June is expected to show a decline to -0.2% from May's -0.1%, with negative LEI numbers observed over the past six months, indicating potential recession signals [3][4] Upcoming Earnings Reports - More than 20% of S&P 500 companies are set to report Q2 earnings this week, with Alphabet (GOOGL) and Tesla (TSLA) being key highlights [5] - Alphabet is expected to see a +13.2% increase in earnings and +11.1% in overall revenues, while Tesla is projected to experience a -23.1% decline in earnings year-over-year and -11.9% in revenues [6] Economic Data Releases - This week will also see the release of Existing & New Home Sales, S&P flash Services and Manufacturing PMI, and Durable Goods Orders, with mixed expectations for these data points [7]