12 hrs ago
Inflation Data and Bank Earnings Set Wall Street’s Week Ahead
Wall Street investors are preparing for a busy week.
They will get new information about prices, shopping and factory activity in the United States.
The September inflation report is due Wednesday and may help investors guess what the Federal Reserve will do with interest rates.
Several large banks will also share how their businesses performed.
Other companies, including healthcare firms and an investment manager, will report results too.
These updates could affect how people feel about the economy and financial markets.
US stocks finished last week higher overall.
Investors will watch September CPI data, scheduled for Wednesday, for clues about inflation and the Federal Reserve’s next rate decision.
September producer prices and retail sales are also due, while industrial production data is scheduled for Friday.
Six major US banks are set to report quarterly earnings: JPMorgan Chase, Goldman Sachs, Citigroup, Wells Fargo, Morgan Stanley and Bank of America.
Johnson & Johnson, UnitedHealth Group and BlackRock are among other companies scheduled to report results.
US stocks ended higher Friday; the S&P 500 rose 1.2% for the week, the Dow gained 0.9% and the Nasdaq advanced 0.6%.
- Who
- Investors, the Federal Reserve, six major US banks and other reporting companies.
- What
- Investors will assess economic data and corporate earnings for clues about inflation, economic conditions and interest rates.
- Where
- The United States and Wall Street.
- When
- The week ahead; September CPI is scheduled for Wednesday and industrial production data for Friday.
- Why
- The data and company results may shape expectations for the Federal Reserve’s interest-rate path and the direction of stocks and bond yields.
Key facts
- September CPI
- Scheduled for release on Wednesday.
- Industrial production
- September data is scheduled for Friday.
- Bank earnings Tuesday
- JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo.
- Bank earnings Wednesday
- Morgan Stanley and Bank of America.
- Other companies reporting
- Johnson & Johnson, UnitedHealth Group and BlackRock.
- Weekly stock performance
- S&P 500 +1.2%; Dow Jones Industrial Average +0.9%; Nasdaq Composite +0.6%.
Sources
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