What to Watch This Week: Apple, Facebook, Alphabet Report Earnings; Federal Reserve Meeting

A slew of corporate earnings and a closely watched Federal Reserve meeting are in focus this week. On Monday, Sprint (S) - Get Report , Gilead Sciences (GILD) - Get Report and Kimberly-Clark (KMB) - Get Report release earnings. 3M (MMM) - Get Report , Apple (AAPL) - Get Report , BP (BP) - Get Report , Caterpillar (CAT) - Get Report , Under Armour (UA) - Get Report , McDonald's (MCD) - Get Report and Verizon Communications (VZ) - Get Report unveil quarterly financial results on Tuesday. On Wednesday, the markets await earnings from Anthem (ANTM) - Get Report , Boeing (BA) - Get Report , Coca-Cola (KO) - Get Report , Facebook (FB) - Get Report and Mondelez (MDLZ) - Get Report . Alphabet (GOOGL) - Get Report , CBS Corporation (CBS) - Get Report , Colgate-Palmolive (CL) - Get Report , Credit Suisse (CS) - Get Report , Ford (F) - Get Report and Mastercard (MA) - Get Report report earnings on Thursday. On Friday, Xerox, (XRX) - Get Report , UPS (UPS) - Get Report , UBS (UBS) - Get Report , Merck (MRK) - Get Report and Anheuser-Busch Inbev (BUD) - Get Report release earnings. On the economic calendar, the S&P Case-Shiller Home Price Index for May is released Tuesday, along with new home sales for June. Durable goods orders and pending home sales, both for June, are unveiled Wednesday. The Federal Reserve wraps up is July policy meeting on Wednesday. TheStreet's Scott Gamm reports from Wall Street.