PepsiCo (NASDAQ:PEP) is scheduled to announce Q2 earnings results on Thursday, July 17th, before market open. Wall Street, on average, expects the soda and snacks giant's giant to post a quarterly EPS of $2.

President Donald Trump sent the U.S. stock market on a jagged round trip after saying he had “talked about the concept of firing” the head of the Federal Reserve

Wall Street benchmarks closed modestly higher on Wednesday, with the Nasdaq Composite achieving its latest record finish, despite a chaotic half hour when news reports suggested U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell.

Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The New York Times said Trump waved a draft letter firing Powell at an Oval Office meeting late Tuesday. Trump had gathered a group of Republicans that had blocked a procedural vote that would have advanced crypto legislation, to convince them to let the legislation advance. Odds of Powell being fired surged to 40% on prediction market Kalshi.

Several Wall Street investment banks and research organizations have recently lifted their year-end targets for the S&P 500. Bank of America and Goldman Sachs upwardly revised their outlooks in July, following Barclay, Citigroup, and Deutsche Bank, all of which raised their outlooks in June.

Profits at Goldman Sachs surged from boosts in trading and dealmaking, the latest example of how big Wall Street banks were able to recover from the market chaos triggered by President Trump's tariffs.