New Delhi, July 19 -- Wall Street is heading into a relatively light week for economic data, shifting investors' focus firmly toward a packed corporate earnings calendar that could determine the market's next direction.

Following the recent sell-off in semiconductor stocks, quarterly results from Alphabet, Google's parent company, and chipmaker Intel are expected to be closely watched for fresh clues on the outlook for artificial intelligence spending and whether the AI-driven rally can regain momentum.

Several other high-profile companies are also scheduled to report earnings during the week. Investors will monitor updates from Tesla, led by Elon Musk, along with American Express, Philip Morris, defense giant RTX, and technology compan...