Earnings dominate this week's calendar of events, with few
significant economic releases scheduled.
Haillburton, Hasbro, and McDonalds report quarterly results this
morning, followed by Discover Financial Services, Netflix, and
Texas Instruments this afternoon. The Chicago Federal Reserve also
releases its regional economic index at 8:30 a.m. ET.
Existing home sales follow at 10 a.m. ET and are expected to show
transactions slowing to an annualized pace of 5.3 million in
September from 5.48 million in the previous month. Weekly crude-oil
inventories come out half an hour later.
Tomorrow brings the belated September non-farm payrolls report.
While normally a major event, the release is less likely to affect
sentiment because it was delayed by the recent government shutdown.
The Richmond Fed also publishes its regional index at the same
time. Premarket earnings come from Delta Air Lines, DuPont, EMC,
Freeport-McMoRan Copper & Gold, Harley Davidson, Lockheed
Martin, Travelers, United Technology, and Whirlpool. Altera, Amgen,
Broadcom, and Juniper Networks follow in the evening.
Wednesday's calendar features weekly mortgage applications, export
and import prices, the FHFA house price index, and weekly
oil-inventory data. Boeing, Caterpillar, Bristol-Myers Squibb,
General Dynamics, Northrop Grumman, and Norfolk Southern report in
the morning. Akamai Technologies, AT&T, and Symantec are on the
roster for the afternoon.
The only European data comes on Thursday, when flash purchasing
managers indexes come from Germany, France, and the Eurozone as a
whole. Weekly jobless claims and new home sales are announced in
the United States. Boston Scientific, Dow Chemical, Ford Motor, 3M,
International Paper, and Altria issue numbers before the opening
bell. Amazon, Eastman Chemical, Microsoft, and Western Digital
report in the afternoon.
Friday brings durable-goods orders, along with results from Aon,
Procter & Gamble, United Parcel Service, and Sherwin-Williams.
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