Retail Earnings Week Preview: Home Depot, Target, Walmart Set to Define Market Direction

The S&P 500 enters this week near 7,785, just off an all-time high, but the next four trading days carry more risk than most August stretches. Home Depot reports Tuesday morning. Target and Lowe's report Wednesday. Walmart, the single most important consumer-health data point of the quarter, reports Thursday. Between those prints and Wednesday's FOMC minutes release, the market will get more information about the actual state of the American consumer than it has seen in months.
For more on the market context, see our analysis of S&P 500 earnings risk and rotation .
Key Takeaways The S&P 500 sits near 7,785 with Q2 blended earnings growth at 51% year-over-year and an 87% beat rate, setting a hi…
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