By Janet H. Cho
Stock market futures will open on Sunday evening, kicking off what should be a quiet week before second-quarter earnings season goes into overdrive.
The economic highlight will be on Wednesday — the release of the Federal Reserve's June minutes. The meeting was the first for new Chairman Kevin Warsh. The central bank held the federal-funds rate steady at 3.5% to 3.75%.
Only two S&P 500 companies will release earnings this week: PepsiCo reports on Thursday, and Delta Air Lines on Friday.
All three major stock indexes ended up last week. The Dow Jones Industrial Average gained roughly 2%, its largest one-week point and percentage gain since the week ending May 22.
The Dow rose 2033.29 points, or 4% over the past four weeks, posting its largest four-week point and percentage gain since the week ending May 1, and its longest winning streak since the week ending Oct. 18, 2024, according to Dow Jones Market Data.
The index ended the week at 52,900.07, a record close and its 20th record close this year, and is up 10.1% this year.
The S&P 500 closed the week up 1.8%, at 7483.24, notching its largest one-week point and percentage gain since the week ending May 8. It has been up 12 of the past 14 weeks. The index is up 9.3% this year.
The tech-heavy Nasdaq Composite ended the week up 2.1%, at 25,832.67, and is up 11 of the past 14 weeks, according to Dow Jones Market Data. The index is up 11.2% this year.
Write to Janet H. Cho at janet.cho@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.