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U.S. stocks were mixed Monday as investors await third-quarter earnings from major companies.
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Investors will be watching retail sales and unemployment figures this week.
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Federal Reserve Governors Christopher Waller and Adriana Kugler will speak this week.
U.S. stocks were mixed Monday as investors await a wave of third-quarter earnings results this week.
More than forty S&P 500 companies will report their results this week, including Netflix, Morgan Stanley and Goldman Sachs.
According to data from Fundstrat, 6% of S&P 500 companies have already reported their results. Of these companies, 74% exceeded earnings expectations by an average of 6%, while 58% exceeded revenue expectations by an average of 2%.
It’s a relatively quiet week on the economic data front, with investors likely to focus on Thursday’s September retail sales releases and initial jobless claims.
Both data points will provide investors with insight into the health of the consumer and labor markets, respectively.
There’s also some Fedspeak this week, with Federal Reserve Governor Christopher Waller scheduled to speak today at 3 p.m., followed by Fed Governor Adriana Kugler on Tuesday.
Here’s where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:
Here’s what else is going on:
In commodities, bonds and crypto:
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West Texas Intermediate crude fell 1.93% to $74.10 a barrel. Brent crude, the international benchmark, fell 1.81% to $77.61 per barrel.
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Gold fell 0.41% to $2,665.20 an ounce.
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The interest rate on ten-year government bonds remained stable at 4.105%.
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Bitcoin rose 2.96% to $64,715.
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