Investors expect concerns about hot inflation and strapped consumers to dominate the corporate-earnings season that kicks off this week, creating winners and losers in the battered stock market.

Stocks have come under pressure this year with inflation hovering at a four-decade high and the Federal Reserve in the midst of an aggressive campaign to raise interest rates to rein it in. The S&P 500 has fallen 18% in 2022, even after rallying 3% to start July.

This post first appeared on wsj.com

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