Weekly Schedule
U.S. inflation data for October and quarterly earnings reports from Coinbase (COIN), PayPal (PYPL), Palantir (PLTR) and Disney (DIS), as well as the Rivian IPO will be the focus of stock market participants this week.
Stocks this week will be influenced by the release of economic data on U.S. inflation in October.
At the same time, U.S. central bank officials changed their inflation forecasts, saying it could take longer to get back to the 2% target. According to the Fed, U.S. inflation could remain high in 2022 because of ongoing supply chain problems.
Last week, major U.S. stock indices hit record highs. The S&P 500, Dow Jones and Nasdaq Composite indices rose 2%, 1.42% and 3.05% last week, respectively.
Monday
PayPal Holdings (PYPL), AMC Entertainment Holdings, Roblox and others will release quarterly earnings and revenue reports.
Fed Chairman Jerome Powell will speak on Monday, along with several other representatives.
Tuesday
The U.S. Bureau of Labor Statistics will report the producer price index for October. It is expected to rise 0.6% from the previous month. The National Federation of Independent Business will release its Small Business Optimism Index for October.
Coinbase Global (COIN), Palantir Technologies (PLTR), BioNTech (BNTX), DoorDash (DASH), Sysco (SYY) and others will release their earnings and revenue reports. Broadcom (AVGO) will hold an Investor Day.
Wednesday
The U.S. Bureau of Labor Statistics will release the Consumer Price Index for October.
Affirm Holdings (AFRM) and SoFi Technologies will release quarterly reports.
Disney (DIS) stock may react Wednesday to the release of its fiscal year 2021 earnings and revenue report.
Rivian's IPO is expected on Wednesday, which will begin trading on the Nasdaq exchange under the ticker RIVN.
Mastercard (MA), Equifax and Rockwell Automation will hold conferences for investors and market analysts.
Thursday
The U.S. fixed-income markets will be closed this Thursday due to Veterans Day. Brookfield Asset Management, Organon and Tapestry will release quarterly earnings and revenue reports. NXP Semiconductors (NXPI) will hold an Investor Day.
Friday
AstraZeneca (AZN) will release quarterly results. Becton Dickinson will hold an Investor Day. The University of Michigan will release its Consumer Sentiment Index for October.
The U.S. Bureau of Labor Statistics JOLTS report will be released.
