U.S. stocks are expected to see an upward trend this week as various companies release their quarterly reports and economic data. Notable earnings reports are scheduled from Tesla, Netflix, and Goldman Sachs.
As of 6:30 p.m. ET on Sunday, Dow Jones Industrial Average futures have risen by 42 points, equivalent to 0.1%. S&P 500 futures have also experienced a 0.1% increase, while Nasdaq Composite futures have gained by 0.2%.
Crude Oil Prices
Crude oil futures for West Texas Intermediate (the U.S. standard) have witnessed a slight decline of 0.1%, settling at $87.58 per barrel. Meanwhile, Brent crude (the international standard) experienced a minor drop of less than 0.1%, reaching $90.86 per barrel.
This week, over 50 S&P 500 companies will be reporting their earnings. Notable companies include Charles Schwab on Monday, and Bank of America, Bank of New York Mellon, Goldman Sachs Group, J.B. Hunt Transport Services, Johnson & Johnson, Lockheed Martin, Omnicom Group, Prologis, and United Airlines Holdings on Tuesday. Abbett Laboratories, ASML Holding, Discover Financial Services, Las Vegas Sands, Morgan Stanley, Netflix, Procter & Gamble, Tesla, Travelers, and U.S. Bancorp will report their earnings on Wednesday. American Airlines Group, AT&T, CSX, Fifth Third Bancorp, Taiwan Semiconductor Manufacturing, and Union Pacific will report on Thursday. Lastly, American Express, Huntington Bancshares, Interpublic Group, Regions Financial, and SLB will release their earnings on Friday.
Several notable economic events are also scheduled for this week.
On Monday, the Federal Reserve Bank of New York will release the Empire State Manufacturing Survey for October.
Tuesday will bring the release of retail sales data for September by the Census Bureau, as well as the Housing Market Index for October by the National Association of Home Builders.
Wednesday will witness the Census Bureau reporting new residential construction statistics and housing starts for September. Additionally, the Federal Reserve will release its seventh Beige Book of the year, providing anecdotal information on current economic conditions from the 12 regional Federal Reserve banks.
On Thursday, the Conference Board will release its Leading Economic Index for September. The Labor Department will also report on initial claims for unemployment benefits for the week ending October 14, while the National Association of Realtors will release existing-home sales data for September.
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