Stock Market Update

The stock market is on track for a strong opening as equity futures trade higher following the announcement of a trade deal between the U.S. and EU.

Initial reports suggest that a probable 90-day extension of the tariff truce with China leaves the door open for a mutually agreeable deal to be finalized.

A healthy batch of earnings reports after the close today kicks off a busy week of Q2 earnings that will see four "magnificent seven" names report, as well as nearly 38% of the S&P 500 by market capitalization.

Though there is no data release of note today, this week is also relatively data heavy.

Ultimately there are several potential catalysts this week that could fuel stocks further into record-setting territory or potentially trigger a pullback from the current levels.