What to Expect in Markets This Week: SpaceX Joins Nasdaq 100 Index; Second-Quarter Results Start to Arrive

What to Expect in Markets This Week: SpaceX Joins Nasdaq 100 Index; Second-Quarter Results Start to Arrive Sarina Trangle Sun, July 5, 2026 at 12:00 PM GMT+2 4 min read SPCX ^NDX AMZN ^GSPC Pepsi is slated to report its latest quarterly financial results this week. Credit: Michael M. Santiago / Getty Images This week will be bookended with new beginnings: SpaceX is set to join the Nasdaq 100 index , and another quarterly earnings season will begin with results from Pepsi and Delta.

Elon Musk's space exploration, communication and AI company is slated to join the Nasdaq 100—a selection of companies that doubles as a shorthand for tech stocks—before the opening bell on Tuesday. Inclusion in the Nasdaq 100 will broaden the reach of SpaceX, given that a number of funds are set up to mirror major indexes . SpaceX is already a member of the Russell 1000 and some S&P Dow Jones Indices, though not the S&P 500.

SpaceX shares' early days have been marked by volatility. Its shares finished last week at $162, up from where they first opened on June 12; it has risen past $225, briefly making SpaceX more valuable than Amazon , and dipped as low as $147. Analysts don't expect the stock to become more stable in the near future.

Investors will get a look at how uncertainty—and volatile oil prices—have impacted consumers, with PepsiCo and Delta Airlines set to report their latest quarterly results this week. Pepsi announced price cuts this winter as food companies said geopolitical tensions and inflation were prompting consumers to bypass full-price items . Delta described demand as " really great" in March, though the carrier cut capacity and raised prices as the war wore on.

Market Recap The major stock indexes had an upbeat week: all three ended the second quarter on Tuesday with double-digit gains, and all three finished the holiday-shortened week in the green after an end-of-week session that saw the Nasdaq fall, the Dow rise and the S&P 500 end about flat. Data released Thursday depicted the labor market as softer than expected , alleviating some concerns that the Fed will soon raise rates.  For more onlast week's action, read Thursday's market recap here .

This Week's Top Events Here's a look at major events scheduled in the week ahead. TradingView publishes a more detailed calendar, but clicking the link will take you off the Investopedia site. Tuesday, July 7: SpaceX (SPCX) is set to join the Nasdaq 100 index before the opening bell.

Technology businesses dominate the index, which includes the 100 largest non-financial companies on the exchange. Wednesday, July 8: The Federal Reserve is scheduled to release minutes from the last Federal Open Market Committee meeting at 2 p. m.

ET. With inflation double the desired rate , half of the committee members indicated that they foresee a rate hike before the end of the year. Minutes from the June meeting may shed more light on how they're thinking.

Investors would welcome new details, given that they're adjusting to a relatively tight-lipped new Fed chair . Wednesday: Levi Strauss (LEVI) is slated to hold a conference call on its fiscal second-quarter (ended May 21) results at 5 p. m.

ET, with the figures expected shortly before then. The retailer reported better-than-expected results and lifted its outlook last quarter, sending its shares up by double digits. Levi's is starting to see the benefit of newer strategies—including increasing direct-to-consumer sales and focusing more on non-denim apparel, its executives said.

Thursday, July 9: PepsiCo (PEP) is set to release its second-quarter (ended June 13) results at 6 a. m. ET, followed by a live question-and-answer session at 8:15 a.

m. ET. The snack and soda giant cut prices with encouragement from activist investment firm Elliott Investment Management, noting that, where tested, the strategy improved sales.

Friday, July 10: Delta Air Lines (DAL) is set to host a conference call on its June-quarter results at 10 a. m. ET, with the numbers expected earlier that morning.

Delta beat expectations last quarter and its stock soared, though shares were also reacting to the U. S. and Iran announcing a ceasefire.

 Investors will try to discern whether jet fuel prices continue to strain Delta, and if so, how it is responding. Carriers have increased prices , but tickets are selling well , according to industry leaders and analysts. Story Continues More Investopedia Reads Investors can buy a piece of AOL and Vimeo now that their owner, a digital private equity firm, is public, Colin Laidley reports.

Americans haven't been this pessimistic about the job hunt since the pandemic, Diccon Hyatt reports. Investopedia examined how stocks, bonds, crypto and gold have fared so far this year, and highlighted what to watch in the second half of the year. And you can read our midyear updates on the economy here .