The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street

$JPM, $C, $WFC, $PNC, $AA

The US stock exchanges were open Monday, Columbus Day, even though it is a federal holiday.

The 1st official week of Q-3 earnings features 4 banks: DJIA component JPMorgan Chase & Co. (NYSE:JPM) and S&P 500 members Citigoup (NYSE:C), PNC Financial Services Group (NYSE:PNC) and Wells Fargo & Co. (NYSE:WFC), they all  announce their results Friday.

Also reporting this week will be S&P 500 members Alcoa (NYSE:AA) and Fastenal Co. (NASDAQ:FAST) Tuesday, CSX Corp. (NYSE:CSX) Wednesday, and Delta Air Lines (NYSE:DAL) and Progressive (NYSE:PRG) Thursday.

Economic Reports

This week’s 1st financial reports to Wall Street will be the US Labor Department’s August Job Openings and Labor Turnover Survey (JOLTS) and the Minutes from the September FOMC meeting, both release Wednesday.

Thursday features September import and export prices and the September Treasury budget.

The Bureau of Labor Statistics’ PPI (producer price index) final demand for September, September retail sales, August business inventories and the University of Michigan’s preliminary October consumer sentiment survey will be released Friday.

Fed Speak

This week 5 Fed officials will make public speaking appearances, as follows:

  1. Chicago President Charles Evans Monday
  2. Kansas City President Esther George Wednesday
  3. Philadelphia President Patrick Harker Thursday
  4. Boston President Eric Rosengren Friday
  5. Chairwoman Janet Yellen Friday

US Treasury Actions

The US Treasury Department will auction $24-B of 3-year Notes and $20-B of 10-year Notes Wednesday, and $12-B of 30-year Bonds Thursday.

Have a terrific week

 

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