An important inflation reading and the beginning of the third-quarter earnings season will greet investors in the coming week.
Thursday morning’s issuance of the Consumer Price Index (CPI) for September will be the economic highlight. The report is expected to indicate a small decrease in headline inflation.
The week will conclude with a reading of consumer sentiment and the release of the minutes from the Federal Reserve’s September meeting, which are expected to shed further light on the future of monetary policy.
Pepsi (PEP), Delta (DAL), and JPMorgan (JPM) will highlight the beginning of the third quarter earnings season for corporations. On Friday, we anticipate reports from Citi (C), Wells Fargo (WFC), and BlackRock (BLK).
Monday is a bond market holiday, so there will be no offers on Treasury yields, which have dominated investor attention over the past week. Nonetheless, the US stock market will remain open.
After a massively positive September jobs report sent stocks soaring on Friday, offsetting a bond yield-driven selloff earlier in the week, equities enter the week largely higher. The Nasdaq (IXIC) increased by nearly 1.6%, while the S&P 500 (GSPC) rose by nearly 0.5%. The indexes’ greatest week in the previous five was marked by both increases. The Dow Jones Industrial Average (DJI) experienced a 0.3% decline.
