🔶Tuesday: Consumer Confidence, JOLTs; $GOOGL $AMD $PYPL $MCD $V Earnings
🔶Wednesday: ADP Payrolls, Q3 GDP; $MSFT $META $LLY $CAT Earnings
🔶Thursday: PCE Inflation, Jobless Claims, Employment Cost Index; $AAPL $AMZN $INTC Earnings⚠️
🔶Friday: Jobs Report, ISM Mfg. PMI; $XOM $CVX Earnings⚠️
Big reports and earnings = high volatility this week❗️
🔷U.S. market averages finished in the green Monday, a positive start for the week as investors braced for further earnings data and results of the upcoming monthly nonfarm payrolls report.
🔷US equity futures were in holding mode as traders waited for the third-quarter earnings season to move into top gear, with the first of the “Magnificent Seven” big-tech giants
🔷Firms accounting for nearly 42% of the S&P 500’s market capitalization are reporting this week, including five of the seven tech megacaps which have powered this year’s rally.
🔷Investors are also bracing for a raft of key economic data that will dictate Federal Reserve’s next interest-rate decision, as well as the US presidential election that is now just a week away.
🔷Markets are positioning for the prospect of Donald Trump returning to the White House, with most major polls showing him locked in a tight race with Vice President Kamala Harris.
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