Home Depot, Baidu Earnings Set Stage for Consumer Spending Outlook

This week is packed with earnings reports from 103 companies, but three stand out as particularly significant. Home Depot's report on Tuesday morning will be the most closely watched, offering a clear signal on whether housing-adjacent consumer spending is holding up or softening.

Baidu and Klarna also report on Tuesday, drawing attention to AI adoption and digital advertising in China, and how the buy-now-pay-later leader is performing as a publicly traded company. Baidu's numbers will be especially closely watched given its role in Chinese digital advertising.

The week begins with a cluster of before-the-open reports from companies such as H World Group, BitFuFu, and Fabrinet, which is particularly notable for its contract manufacturing role in high-speed connectivity components.