Next week on Wall Street, some economic data is expected to be released, including last month’s important consumer price inflation and producer price index.
Investors will also receive the minutes of the September policy meeting of the FOMC (Federal Open Market Committee).
Economic data over the coming week could provide clues as to what to expect at the next U.S. Federal Reserve meeting in November.
Market participants will also be keeping an eye on tensions in the Middle East and third-quarter results starting next week.
This week also includes events on artificial intelligence from Nvidia, AMD, and Hewlett Packard Enterprise.
economic events
The September Consumer Credit Report will be released on Monday, October 7th.
On Tuesday, October 8th, September NFIB Optimism Index and August US Trade Deficit data will be released.
The Fed’s September FOMC minutes will be released on Wednesday, October 9th.
Consumer Price Index (CPI) statistics for September will be released on Thursday, October 10th.
On October 11th (Friday), the Producer Price Index (PPI) for September and consumer sentiment (flash report) for October will be announced.
revenue
The following companies are expected to report third-quarter results next week – Duckhorn Portfolio, PepsiCo, Accolade, AZZ, Applied Digital, Helen of Troy, Delta Air Lines, Domino’s Pizza, and JPMorgan Chase. , Wells Fargo, BlackRock, Bank of New York Mellon, Fastenal.
US market last week
U.S. stocks rebounded on Friday as a positive report on the job market boosted optimism about the economy.
The Dow Jones Industrial Average rose 341.16 points, or 0.81%, to 42,352.75, the S&P 500 rose 51.13 points, or 0.90%, to 5,751.07, and the Nasdaq Composite Index rose 219.37 points, or 1.22%, to 18,137.85.
For the week, the Dow rose 0.1%, the S&P 500 rose 0.2% and the Nasdaq rose 0.1%.
The yield on the 10-year bond rose to 3.97% from 3.85%. The yield on two-year bonds rose to 3.93% from 3.71%.
