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What to watch in the markets this week
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What to watch in the markets this week

This week is set to be exceptionally busy, with a mix of financial news and festive celebrations. Investors are bracing for a slew of major earnings reports, providing crucial insight into how different sectors are performing in the current economic landscape.

Alongside the wave of profits, the festive spirit is also there. Halloween is almost here and people are ready to experience spooky festivities with creative costumestheme evenings and variety of new trends. This year, Halloween coincides with Diwali, the great Hindu festival of lights, which is gaining popularity in the United States. A lot Retail giants have expanded their offerings to include Diwali-themed productsfrom festive lights to traditional treats, making it easier for people to join in the celebrations.

By the end of this week, attention will also shift to the upcoming US presidential election. As the results approach, markets are closely monitoring political developments, as the election outcome could have significant implications for economic policies and investor confidence.

Let’s take a look at what lies ahead and see how the market reacts to this combination of financial updates and holiday cheer.

A busy week of results reporting

This week is shaping up to be a busy week in terms of earnings reports, with major tech companies and other industry giants revealing their financial performance. Here’s an overview of what to watch:

Ford results Monday

Ford engine (F) will start the week by releasing its earnings report after the closing bell.

Google, Chipotle, AMD and more profits Tuesday

  • The profit wave is intensifying, starting with Alphabet (GOOGLE), Google’s parent company, which will report before the market opens.

  • Advanced micro-devices (AMD) will share its financial data after the close, alongside payments giant Visa (V) and PayPal (PYPL) the same day.

  • In the healthcare sector, Novartis AG (N.V.S.) and Pfizer (PFE) will release their reports before the opening bell.

  • Chubb Insurance Company (CB) will present its results after the market closes.

  • Other notable companies that released their reports on Tuesday included Reddit (RDDT), Chipotle (GCM), Spotify (PLACE) and JetBlue Airways (JBLU).

Meta, Microsoft and more profits on Wednesday

  • The spotlight is still on big tech, with Microsoft (MSFT) and metaplatforms (META) should publish their earnings.

  • Companies related to the crypto industry, such as Coinbase (COIN), MicroStrategy (MSTR), and Robin Hood (HOOD) will also report after the closing bell.

  • Additional reports to watch include those from Eli Lilly (LLY), Shake the cabin (SHAKE), Starbucks (SBUX) and Etsy (ETSY).

Apple, Amazon and more profits on Thursday

  • Tech giants Apple (AAPL), Intel (INTC) and Amazon (AMZN) will reveal its earnings after the market close, providing insight into its performance this quarter.

  • Earlier today, Mastercard (MY), Uber (UBER), Comcast (CMCSA) (ZCC), and Estée Lauder (EL) will share their financial results before the market opens.

Berkshire Hathaway results Friday

The week ends with Berkshire Hathaway earnings (BRK), led by Warren Buffett, alongside energy giant Exxon Mobil (XOM) and Chevron Corporation (CLC).

Macroeconomic reports to watch this week

This week, a series of key economic reports could provide insight into the state of the U.S. economy. Things kick off Tuesday with the release of the Consumer Confidence Report, offering a measure of consumer confidence. Next comes the job postings for September, which will highlight the current demand for labor.

On Wednesday, attention will turn to the private sector with the release of ADP’s jobs report, which provides a first look at job growth. The day will also see the release of the third quarter gross domestic product (GDP) report, which will be closely watched for signs of economic expansion or slowdown.

On Thursday, the Personal Consumer Expenditures (PCE) Price Index, providing crucial data on price changes for goods and services purchased by U.S. consumers, will be presented. The initial weekly unemployment claims report will also be released, providing a real-time view of the health of the job market.

The week ends Friday with the release of the highly anticipated U.S. jobs report, including data on nonfarm payrolls, the national unemployment rate and average hourly wages. These numbers will be key indicators of the strength of the labor market and could influence future policy decisions by the Federal Reserve.

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