Market Expectations Amidst Economic Reports and Corporate Earnings

Next week is poised to be a whirlwind of economic information as Wall Street closely monitors the Federal Reserve’s interest rate strategy. Simultaneously, the earnings season continues with multiple heavyweight reports on the horizon.

Key Market Events on the Horizon

A rundown of essential market events dictates Wall Street’s tempo in the upcoming week. Note that economic dates are subject to potential revisions.

Under the Microscope: The Week’s Agenda

Plans for Monday, October 28 hold no scheduled economic activity.

Tuesday, October 29 is set to showcase the S&P Case-Shiller home price index, the consumer confidence index, and job openings statistics.

As Wednesday, October 30 approaches, attention will shift to the ADP employment report, GDP figures, trade balance insights, and retail and wholesale inventory assessments.

Thursday, October 31 is marked by the predictable weekly jobs data, along with releases of the personal consumption expenditures (PCE) price index, core PCE index, and personal spending and income statistics. Observers can also anticipate updates on pending home sales during this time.

Anticipation mounts as we head towards Friday, November 1, with the U.S. employment report taking center stage, accompanied by details on hourly wage trends, construction spending, the S&P final U.S. manufacturing purchasing managers’ index (PMI), and the nonfarm payroll report.