Wall Street Awaits More Economic and Earnings Data

Economic Reports - The delayed November Personal Consumption Expenditures (PCE) report is expected on Thursday, skipping the October report due to a government shutdown, with the last September report showing +2.8% for both headline and core PCE [4] - The quarterly Gross Domestic Product (GDP) for Q3 2025 is also due on Thursday, with a first revision expected to align with the previously announced +4.3%, a significant improvement compared to the -0.6% reported in Q1 2025 [5] - Initial Jobless Claims are anticipated to rise above +200K, from +198K reported last week, indicating a "no hire, no fire" environment despite weaknesses in monthly job numbers [6] Q4 Earnings Reports - Q4 earnings season begins this week, with key reports from 3M and D.R. Horton before the market opens, and from Netflix, United Airlines, and Interactive Brokers Group after the market closes [7] - Interactive Brokers is rated as a buy (Zacks Rank 2), with expected growth of +2% on earnings and +4.3% on revenues [8] - Netflix, rated as a hold (Zacks Rank 3), is projected to achieve +27.9% growth in earnings and +16.8% in revenues as it expands globally [8] - D.R. Horton aims to exceed expectations of -25% earnings growth and -12% revenue decline [8]