Thursday brings results from four of five Big Tech companies: Alphabet,
reports on Tuesday. Other notable releases on Thursday will come from
The economic data calendar this week is quiet by comparison. Highlights will include the Conference Board’s Consumer Confidence Index for October on Tuesday and the Bureau of Economic Analysis’ personal income and expenditures data for September on Friday.
The BEA also releases its advance estimate for third-quarter gross domestic product on Thursday. The
Bank of Japan
announces a monetary policy decision that same day. The central bank is expected to hold its target interest rate steady at negative 0.1%.
The Census Bureau reports sales of new single-family homes for September. Consensus estimate is for a seasonally adjusted rate of one million homes sold, roughly even with the August figure. New-home sales are now at their highest level since 2006.
The Conference Board releases its Consumer Confidence Index for October. Economists forecast a 101.5 reading, just below the September data. Consumer confidence increased sharply in September, but remains below prepandemic levels.
United Parcel Service, and Visa report quarterly results.
It’s a big day for tech, as many megacaps release results. Four of the FAANGs—Facebook, Amazon.com, Apple, and Google parent Alphabet—report after the market close.
and Twitter hold conference calls to discuss earnings.
The Bank of Japan announces its monetary policy. The central bank is widely expected to keep its short-term interest rate unchanged at negative 0.1%.
The Bureau of Economic Analysis reports its advance estimate for third-quarter gross domestic product. Expectations are for a record expansion at an annualized 30% rate after a record contraction of 31.4% in the second quarter.
The BEA reports personal income and expenditures for September. Consensus estimates are for a 0.1% month-over-month increase for income and 1% gain in spending. This compares with a 2.7% decline and 1% rise, respectively, in August.
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