Second-quarter earnings season continues this week with reports from Qnity Electronics, DuPont, Eli Lilly and Honeywell Aerospace. Investors will focus on Eli Lilly’s GLP-1 drug sales in international markets and the impact of Middle East tensions on DuPont’s desalination business. On the labor front, economists expect 65,000 jobs added in July with the unemployment rate rising to 4.3%. Friday’s official jobs report will shape Federal Reserve policy expectations, as inflation remains at 3.7% in June, well above the 2% target.
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