Last week, Nvidia's stellar earnings drove markets to record highs, with NASDAQ, S&P, and Dow Jones hitting all-time peaks. However, the Russell struggled.

This week, 994 companies are reporting earnings, including notable names like Workday and Lowe's. Particularly intriguing is Lee Motors' report amidst growing competition in the EV space.

GDP data will be released on Wednesday, it is expected to maintain a 3.3% increase, signaling stability.

Thursday's Core PCE Price Index may reveal concerning inflation trends, potentially impacting the Fed's rate decisions. Persistently high inflation could shift focus from rate cuts to rate hikes, unsettling markets accustomed to accommodative monetary policy.

With uncertainty looming, investors are advised to remain cautious and monitor key economic indicators closely.

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