Morning Briefing for 2018

U.S. markets experienced a mixed week, with the S&P 500 rebounding thanks to a surge in tech stocks led by Nvidia, while the Nasdaq saw a notable decline of 3.6%. Major earnings reports are anticipated, including from companies like General Motors and Coca-Cola, amidst expectations of a Federal Reserve rate cut in September. Additionally, Warren Buffett's Berkshire Hathaway sold $1.5 billion in Bank of America shares, marking its first reduction since 2019, despite remaining the bank's largest shareholder. In other news, CrowdStrike faced scrutiny after a software update caused widespread disruptions, leading to a 13% drop in its stock. Global markets also reacted to geopolitical tensions, particularly regarding U.S.-China relations, which contributed to declines in equity markets across Europe and Japan. Investors are now closely watching upcoming economic indicators, including the PCE price index and GDP growth figures, which will influence market sentiment going forward.