Several major companies, including Palantir, AMD, McDonald's, Pfizer, Disney, and Uber, are set to report their earnings this week. Investors are particularly focused on Palantir's performance, as it has been buoyed by optimism surrounding AI spending trends. Advanced Micro Devices is also in the spotlight, with analysts suggesting its new MI350 series chips could compete effectively with Nvidia's offerings. McDonald's faces challenges with declining traffic from middle-income households, which could impact its earnings outlook.

Economic data releases, including updates on the U.S. trade deficit, productivity, and consumer credit, are expected to influence market sentiment. The Federal Reserve officials are scheduled to speak, providing insights into future monetary policy. The overall market has been affected by concerns over tariffs and the job market, which could further impact the earnings of these companies. Investors will be closely monitoring these reports to gauge the health of the economy and the performance of key sectors.