Marriott International reports pressure from Middle East demand decline, while Trump-backed American Bitcoin swings to a quarterly loss.
Marriott International (MAR) shares fell after the hotel chain cited weaker demand in the Middle East as a drag on performance. Meanwhile, American Bitcoin, backed by the Trump brothers, reported a swing to a quarterly loss, adding to investor caution ahead of key earnings reports this week.
The S&P 500 remains on track for a strong earnings season, with analysts projecting a 47.5% year-over-year earnings growth rate for Q2, according to FactSet. This would mark the second consecutive quarter of growth above 20% and the seventh straight quarter of double-digit gains for the index.
Investors are also awaiting reports from Palantir (PLTR), SpaceX (SPCX), AMD (AMD), and other major companies later in the week, which could further influence market sentiment.