Next week, investors will be focusing on the retail sales print and industrial production report to gauge the economy ahead of the Federal Reserve’s next policy meeting on November 7.
Options trading on the federal funds contract implies a 90% probability of a 25-point rate cut, despite some recent conflicting economic data.
Earnings will continue to be in full swing, with Netflix (NFLX), Procter & Gamble (PG), Taiwan Semiconductor (TSM) being some of the notable companies due to report.
The healthcare sector will also be in focus, with UnitedHealth (UNH), Johnson & Johnson (JNJ), and Abbott Laboratories (ABT) all lined up to report.
Earnings spotlight: Tuesday, October 15 – Charles Schwab (SCHW), UnitedHealth Group (UNH), Johnson & Johnson (JNJ), Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Rio Tinto (RIO), PNC Financial (PNC), State Street (STT), Walgreens Boots Alliance (WBA), and United Airlines (UAL). See the full earnings calendar.
Earnings spotlight: Wednesday, October 16 – Abbott Laboratories (ABT), Morgan Stanley (MS), U.S. Bancorp (USB), CSX (CSX), and Discover Financial (DFS). See the full earnings calendar.
Earnings spotlight: Thursday, October 17 – Netflix (NFLX), Blackstone (BX), Travelers (TRV), and KeyCorp (KEY). See the full earnings calendar.
Earnings spotlight: Friday, October 18 – Procter & Gamble (PG), American Express (AXP), and Regions Financial (RF). See the full earnings calendar.
