U.S. stocks are poised to open higher on Monday, ahead of the Federal Reserve’s latest decision on interest rates,
Apple
‘s earnings report, and the October jobs numbers.
The Fed will announce its interest-rate decision at 2 p.m. Eastern time on Wednesday, and Fed Chairman Jerome Powell will deliver remarks that afternoon.
At 6:20 p.m. ET Sunday, Dow Jones Industrial Average futures gained 31 points, or 0.1%, while S&P 500 futures rose 0.3%, and Nasdaq Composite futures climbed 0.4%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.9% to $84.73 a barrel. Brent crude, the international standard, fell 0.9% to $88.40 a barrel.
About 150 S&P 500 companies report earnings this week, including Arista Networks, McDonald’s, Pinterest, Public Storage, Simon Property Group, and Welltower on Monday.
Advanced Micro Devices, Amgen, Anheuser-Busch InBev, BP, Caesars Entertainment, Caterpillar, Eaton, GE HealthCare Technologies, Marathon Petroleum, Pfizer, and Sysco report earnings on Tuesday.
Airbnb, Clorox, CVS Health, DoorDash, Electronic Arts, Estée Lauder, GSK, Humana, Kraft Heinz, Mondelez International, Norwegian Cruise Line Holdings, PayPal Holdings, Qualcomm, and Yum! Brands all report earnings on Wednesday.
Apple, Booking Holdings, ConocoPhillips, Eli Lilly, Expedia Group, Marriott International, Moderna, Novo Nordisk, Regeneron Pharmaceuticals, Shell, and Starbucks report on Thursday; and Cardinal Health, Cboe Global Markets, Dominion Energy, Gartner, and Sempra report on Friday.
This week’s notable economic events include the Conference Board’s Consumer Confidence Index for October on Tuesday. S&P CoreLogic will release the Case-Shiller National Home Price Index for August; and the Institute for Supply Management will report the Chicago Business Barometer for October.
On Wednesday, the Federal Open Market Committee will announce its monetary-policy decision. Also, the Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey for September; ISM will report its Manufacturing Purchasing Managers’ Index for October; and ADP will release its National Employment Report for September.
On Thursday, the Labor Department will release initial unemployment benefits claims for the week ended Oct. 28.
On Friday, the BLS will release the jobs report on nonfarm payrolls and unemployment rate for October, and the ISM will release its Services Purchasing Managers’ Index for October.
Write to Janet H. Cho at [email protected]
Read the full article here