Earnings reports dominate the calendar this week, though events
in Washington remain the market's main potential catalyst.
Investors are hoping House Republicans will strike a deal with the
White House to raise the country's debt ceiling and eventually
reopen the federal government. Headlines on either situation could
The only economic release scheduled for today is Eurozone
industrial production early in the morning.
Tomorrow brings Germany's Zew survey of economic confidence and the
New York Federal Reserve's Empire State index. Blue-chip companies
such as Citigroup, Johnson & Johnson, and Coca-Cola issue
quarterly results in the morning, followed by Intel and Yahoo in
the afternoon. JB Hunt Transport services, which has seen
bullish call buying
in recent weeks, also reports before the opening bell.
Wednesday's data includes weekly mortgage applications and the
Fed's Beige book survey of economic conditions. Bank of America,
BlackRock and U.S. Bancorp report in the morning. American Express,
eBay, IBM, and SanDisk report in the afternoon.
Thursday brings weekly jobless claims, the Philadelphia Fed's
regional index, and several key Chinese economic figures in the
evening. It's also packed with earnings from companies including
Goldman Sachs, UnitedHealth, Union Pacific, and Verizon. The
afternoon features Google, Capital One, and Intuitive Surgical.
No economic reports are scheduled Friday, but earnings come from
names including Morgan Stanley, General Electric, Honeywell,
Ingersoll-Rand, Schlumberger, and Textron.
If the government reopens, economic reports for earlier periods
could also be released at irregular times during the week.
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