The Week Ahead For October 4th to 8th
The S&P 500, Russell 2000, NASDAQ 100 and Dow Jones Industrial Average were all lower for the week.
1.Geopolitical and Fiscal Events. The games continue in Washington D.C. as the House, Senate and President try to hammer out a debt-ceiling rise, Infrastructure Bill and Budget Reconciliation Bill in the next couple of weeks.
2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as factory orders, ISM Non-Manufacturing Index, ADP Employment Report and nonfarm payrolls.
3.Earnings Releases. Notable releases this upcoming week PEP STZ LEVI AYI CAG LW HELE.
Monday, October 4th
August Factory Orders are due out at 10:00 a.m. EDT and expected to come in at 1.00% against 0.4%.
Tuesday, October 5th
September ISM Non-Manufactuiring is due out at 10:00 a.m. EDT and is expected to fall to 60% from 61.7%.
Reserve Bank of Australia (RBA) is out with its latest announcement and update.
Wednesday, October 6th
September ADP Employment Report is due out at 8:15 a.m. EDT and expected to rise to 405,000 from 374,000.
Thursday, October 7th
None of note.
Friday, October 8th
September Nonfarm Payrolls are due out at 8:30 a.m. EDT and expected to rise to 450,000 from 235,000.
The September Unemployment Rate is also due out at 8:30 a.m. EDT and is expected to fall to 5.1% from 5.2%.