Earnings season has yet to get started, but the disappointments are already trickling in. Xyratex is taking a hit after coming up short and warning of near-term weakness. As a provider of enterprise data storage systems, Xyratex is a bellwether for corporate tech spending.
The Apple magic show doesn't begin until 1 p.m., East Coast time. The tech giant's media shindig will take the wraps off of the company's latest iPhone -- a moment that many Apple fans have been craving for two years. After all, the iPhone 5 should have rolled out last year.
There's never a dull moment on Wall Street -- but if you're ever going to find one that's close, it'll be during a week like this one. Let's go over some of the items that will help shape the Independence Day-shortened trading week ahead.