Key Takeaways
- The September jobs report, due Friday, comes as the Federal Reserve is eyeing the labor market ahead of its upcoming meeting.
- Investors will also get reports on PCE inflation and the third-quarter GDP. Housing and manufacturing data is also on tap.
- Reports are coming from Big Tech firms like Google, Microsoft, Meta, Apple, and Amazon. Big pharmaceutical firms, restaurant chains and oil producers also have results on the way.
Investors will be watching several highly-anticipated economic reports this week, with the Friday release of the September jobs report expected to offer key data as the Federal Reserve focuses ⛦on the labor market. Meanwhile, a raft of major earnings from Big Tech companies, restaurant chains and pharma giants are on t𝓡ap.
This week will see the Thursday release of the 澳洲幸运5官方开奖结果体彩网:Personal Cons😼umption Expenditures (PC🦩E) inflation report and the first release of third-quarter 澳洲幸运5官方开奖结果体彩网:Gross Domestic Product (GDP) on Wednesday.
Earnings this week include reports from Alphabet (GOOG), Microsoft (MSFT), Meta Platforms (META), Apple (AAPL) and Amazon (AMZN). Energy producers ExxonMobil (XOM), Chevron (CVX) and BP (BP) are also on the calendar. Chipotle Mexican Grill (CMG) will report its first results since Brian Niccol left the CEO post, while Starbucks (SBUX) will report its first since it he joined the c𓆏of❀fee chain.
Market watchers will get several pieces of housing data, as well as updated surveys on manufacturing activity. Fed speakers are in a blackout period ahead of their meeting next week.
Monday, October 28
Tuesday, October 29
- Advance retail inventories (September)
- Advance wholesale inventories (September)
- Advance International trade deficit (September)
- S&P CoreLogic Case-Shiller home price index (August)
- FHFA House Price Index (August)
- Job openings (September)
- Consumer confidence (October)
- Google (GOOG, GOOGL), Visa (V), Novartis (NVS), Advanced Micro Devices (AMD), McDonald's (MCD), Pfizer (PFE),, Chipotle (CMG), British Petroleum (BP), PayPal Holdings (PYPL), and Waste Management (WM)report earnings
Wednesday, October 30
- ADP employment report (October)
- Gross Domestic Product - first estimate (Third Quarter)
- Pending home sales (September)
- Microsoft (MSFT), Meta Platforms (META), Eli Lilly (LLY), AbbVie (ABBV), Caterpillar (CAT), Amgen (AMGN), Booking Holdings (BKNG) and Starbucks (SBUX) report earnings
Thursday, October 31
- Initial jobless claims (Week ended Oct. 19)
- Personal Consumption Expenditures (PCE) price index (September)
- Apple, Amazon, Mastercard (MA), Merck (MRK), Anheuser-Busch (BUD), Uber (UBER), Comcast (CMCSA), ConocoPhillips (COP), Bristol Myers Squibb (BMY), and Intel (INTC) report earnings
Friday, November 1
- U.S. employment report (October)
- S&P Global manufacturing PMI (October)
- ISM manufacturing PMI (October)
- Construction spending (September)
- ExxonMobil and Chevron report earnings
September Jobs Report, PCE Inflation, GDP A♚mong Anticipated Economic Releases This Week
Market watchers will have several important economic indicators to follow this week, including a highly-anticipated jobs report, updated inflation data, the first l♐ook at third-quarter GDP, and housing and manufacturing data.
Investors will be examining the September jobs report on Friday, which comes as Fed officials have said they are 澳洲幸运5官方开奖结果体彩网:closely following the labor market for signs of weakness after a 澳洲幸运5官方开奖结果体彩网:strong performance in September. The key data point comes ahead of the central bank’s meeting on Nov. 6-7, where it could again lower interest rates. A weaker-than-expected labor report could prompt Fed officials to make 澳洲幸运5🐟官方开奖结果体彩网:steeper cuts than inve𒈔stors are anticipating. Reports on private-sector hiring and job openings earlier in the week could also influe🍸nce markets.
The Thursday release of the PCE inflation report will show whether 澳洲幸运5官方开奖结果体彩网:inflation continued to trend lower in Septemܫber. Some Fed officials have said they are cautious about lowering rates too quickly before seeing inflation reach 🧸the Fed’s target of 2%.
The Wednesday release of the first estimate of third-quarter GDP is another 澳洲幸运5官方开奖结果体彩网:key piece of economic data. Several pieces of housing data are on tap, including pending home sales and updated housing price indexes, while manufacturing 澳洲幸运5官方开奖结果体彩网:Purchasing Managers' Index (PMI) surveys will shine a light on the🌜 performance of that sector.
Federal Reserve officials will be in a b🐼lackout period 🎐this week ahead of the November meeting.
Big Tech, Big ൩Oil and Big Pharma Highlight Earn🔥ings Calendar
Investors will🦂 get noteworthy earnings throughout the week, with reports from Big Tech, Big Oil and Big Pharma on the calendar, as well as quarterly updates from financialജ firms and restaurant chains.
Google-parent Alphabet will report third-quarter earnings on Tuesday, following a 澳洲幸运5官方开奖结果体彩网:second-quarter report that beat expectations, as the search engine provider looks to 澳洲幸运5官方开奖结果体彩网:continue to capitalize on its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) investments.
In its report on Wednesday, Microsoft looks to show results from its promotion of AI features, like the 澳洲幸运5官方开奖结果体彩网:newly-launchedᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚ autonomous AI agents for its Copilot assistant software. Meta Platforms also reports on Wednesday, when the Facebook-parent is expected to provide updates on its AI products, 澳洲幸运5官方开奖结果体彩网:like its Ray-Ban Meta AI glasses.
Thursday’s report from Apple comes as the tech titan recently 澳洲幸运5官方开奖结果体彩网:touched a record high and unveiled its latest iPad Mini, which will feature the same AI features that are 澳洲幸运5官方开奖结果体彩网:featured on the iPhone 16.
Amazon’s third-quarter report, on the same day, follows a 澳洲幸运5官方开奖结果体彩网:revenue forecast for the quarter that was lower than investors expected. The online retailer reported record sales at its 澳洲幸运5官方开奖结果体彩网:recent October two-dꩲay༺ Prime Big Deals Days event.
Pharmaceutical firms will🎃 also grab attention, with Eli Lilly, AbbVie, Pfizer, Merck, Novartis and Bristol Myers Squibb among the drugmakers scheduled to report financials this week. Several top oil producers will also r💙elease financial updates, with Friday featuring earnings from ExxonMobil and Chevron, while BP and ConocoPhillips reporting earlier in the week.
Reports this week from credit card issuers Mastercard and Visa could provide insight into the 澳洲幸运5官方开奖结果体彩网:health of U.S. consumers.