US Equity Investors to Focus on Q2 Earnings, Iran War, Composite PMIs This Week as Chipmakers Hover Near Bear Market
July 20, 2026 · High impact · Updated Jul 21, 2026
US equity investors are poised to focus on Q2 earnings reports from mega-cap companies this week. Geopolitical developments, specifically the Iran War, and composite Purchasing Managers' Index (PMI) data will also be key market drivers, with chipmakers currently hovering near bear market territory.
Affected Companies
Affected Industries
AI Infrastructure35
ContractionWeak momentumTop 86%
Cloud Software39
ContractionModerate momentumTop 73%
Cybersecurity41
Early RecoveryStrong momentumTop 69%
EV & Batteries35
ContractionWeak momentumTop 86%
Internet Content & Information54
RecoveryModerate momentumTop 40%
Media & Streaming34
ContractionModerate momentumTop 90%
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