Though next week is shortened due to the Thanksgiving holiday, there is still plenty for investors to unpack. On the earnings front, Abercrombie & Fitch (ANF), Best Buy (BBY), Dell (DELL), Dick's Sporting Goods (DKS), HP (HPQ), Kohl's (KSS), Nio (NIO), Petco Health & Wellness (WOOF), Urban Outfitters (URBN), Zscaler (ZS), are some of the companies reporting toward the beginning of the week. Below is the schedule of key market events for the week ahead. Please note that some data may be delayed or unavailabl ...

Core Insights - Stock investors may face uncertainty at the beginning of the week due to conflicting sentiments regarding the AI trade and concerns about the release of delayed economic data [1] Group 1 - Doubts about the AI trade are impacting investor sentiment [1] - Concerns are rising around the upcoming release of backlogged economic data [1]

Though lawmakers are optimistic that the government shutdown will soon come to an end, the White House said today that October jobs and inflation data reports might never be released due to impaired federal statistics. On the earnings front, next week will bring reports from Bath & Body Works (BBWI), BJ's Wholesale (BJ), Gap (GAP), Home Depot (HD), Lowe's (LOW), Nvidia (NVDA), Palo Alto Networks (PANW), Ross Stores (ROST), Target (TGT), TJX (TJX), and Walmart (WMT). Below is the schedule of key market event ...

One government body. This market is very focused on Jack, as they balance the market bias. I would say that based amongst economists, consensus, if you will.They expect you to see the September payrolls report very quickly. Then over the next few weeks or so, they expected to see the October payrolls report. And there was a question mark around CPI.Perhaps we'd never get it. Jack, the press secretary yesterday, October CPI and the jobs report will likely never be released. Jack, what do we know about that.T ...

Economic Indicators - The ADP report indicated that the private sector lost an average of 11,250 jobs per week during the four weeks ending October 25th, suggesting a weakening labor market in late October [1] - Goldman Sachs estimated a decline of 50,000 in U.S. payrolls for October after accounting for the government's deferred resignation program [1] Government Shutdown and Economic Reports - A temporary funding bill has been passed by the Senate, potentially ending a 43-day U.S. government shutdown, with the House set to consider the package [4] - Following the government reopening, a wave of delayed economic reports is expected, which may clarify the outlook for interest rates [2] Stock Market Movements - Wall Street's major indexes closed mixed, with Paramount Skydance (PSKY) rising over +9% after issuing above-consensus Q4 revenue guidance [3] - FedEx (FDX) increased more than +5% after projecting improved profits, while RealReal (REAL) jumped over +38% following better-than-expected Q3 results [3] - Nvidia (NVDA) fell nearly -3% after SoftBank Group disclosed the sale of its entire stake in the chipmaker for $5.83 billion [3] Interest Rate Expectations - U.S. rate futures indicate a 63.4% chance of a 25 basis point rate cut at the next monetary policy meeting [6] - Market participants are closely monitoring comments from various Fed officials regarding potential rate cuts [5] European Market Performance - The Euro Stoxx 50 Index rose +1.01%, driven by optimism about the U.S. government reopening and expectations of a Fed rate cut [8] - Positive economic data from Germany showed a slight easing in annual inflation to 2.3% in October, while Italy's industrial production rebounded more than expected [8][10] Corporate Earnings - S&P 500 companies are projected to post a +14.6% increase in Q3 profits from a year earlier, nearly double analysts' expectations [6] - Notable companies such as Cisco (CSCO), TransDigm Group (TDG), and GlobalFoundries (GFS) are set to release quarterly results [6][16] Asian Market Developments - Japan's Nikkei 225 Stock Index closed higher, supported by gains in metals and pharmaceuticals, amid optimism regarding the U.S. government shutdown [12] - Foxconn Industrial reported a 17% increase in Q3 profit, contributing to its stock rise of about +0.8% [11]

Core Points - The ongoing government shutdown has delayed the release of key economic data, including the October jobs report, marking the longest shutdown in U.S. history [1][4] - The Bureau of Labor Statistics (BLS) has not resumed normal operations due to the shutdown, affecting the timely release of employment data [2][4] - Previous shutdowns have shown that delayed reports can be released shortly after the government reopens, but the October jobs report may not be available until early December if the shutdown continues [10][11] Economic Impact - The October employment report is the latest in a series of delayed economic reports, including the September jobs report and key GDP data from the Commerce Department [4][8] - Layoffs in October reached the highest level for the month in 22 years, attributed to cost-cutting measures and the impact of AI [5] - Goldman Sachs economists predict that if the government reopens in mid-November, the September jobs report could be released shortly after, but the October report would likely be delayed until early December [10][11]

Earnings Reports - Major corporates such as Apple (AAPL) and Amazon (AMZN) are scheduled to release their quarterly results after the close of trading today [1] - The focus on earnings is expected to influence market movements [1] Market Performance - The U.S. major averages finished lower on Thursday, with the S&P 500 down 68.25 points or 1.0 percent to 6,822.34 and the Dow down 109.88 points or 0.2 percent to 47,522.12 [2] - As of 8.15 am ET, Dow futures were up 124.00 points, S&P 500 futures were up 62.00 points, and Nasdaq 100 futures were up 383.00 points [1] Economic Indicators - Personal Income and Outlays for September are set to be released, with a consensus expectation of a 0.4 percent increase [2] - The Employment Cost Index for Q3 is expected to show a 0.9 percent increase, consistent with the previous month [3] - The Chicago PMI for October is anticipated to be 42.0, up from 40.6 in September [3] - Farm Prices for September will also be released, with a prior increase of 1.0 percent in August [3] Rig Count and Federal Reserve Events - The Baker Hughes Rig Count will be released, with the previous week showing a North America rig count of 749 and a U.S. rig count of 550 [4] - Federal Reserve officials will participate in discussions at 'The Evolving Landscape of Bank Funding' research conference [4][5] Asian Market Performance - Asian stocks ended mixed, with China's Shanghai Composite index down 0.81 percent and Hong Kong's Hang Seng index down 1.43 percent [5] - The Nikkei average in Japan reached a record high, jumping 2.12 percent to 52,411.34 [6] - Australian markets finished marginally lower, while New Zealand's S&P/NZX-50 index gained 0.66 percent [6]

Core Insights - The market is closely monitoring trade policy developments following President Trump's response to China's rare earth export curbs with higher tariffs [1] - A federal government shutdown may delay the release of key economic reports, but corporate earnings from major banks and semiconductor companies are anticipated [1][3] Corporate Earnings - Major financial firms such as JPMorgan Chase, Wells Fargo, Goldman Sachs, and American Express are set to report earnings this week [2][5] - TSMC, the world's largest chip manufacturer, is expected to report a 40% revenue growth in the first half of 2025 due to strong AI chip sales [7] - Other financial institutions reporting include BlackRock, CitiGroup, Bank of America, and Morgan Stanley throughout the week [6] Economic Data and Federal Reserve - The ongoing government shutdown is likely to extend the blackout on economic data releases, affecting reports on retail sales, jobless claims, and housing starts [3][8] - Federal Reserve officials, including Chair Jerome Powell, are scheduled to speak, coinciding with the release of the Beige Book economic update [9] Key Events and Conferences - Oracle's AI World conference begins on Monday, while Salesforce's Dreamforce event starts on Tuesday [7] - The bond market will be closed on Monday for Columbus Day, but major stock exchanges will remain open [4]

Group 1 - The U.S. government shutdown has created uncertainty regarding the availability of economic data for investors in the coming week [1] - The earnings reports for Delta Air Lines, Constellation Brands, Levi Strauss, McCormick, and PepsiCo are among the few key reports expected [1] Group 2 - The economic calendar for the week includes no indicators on Monday, Oct. 6, with trade deficit and consumer credit data scheduled for Tuesday, Oct. 7 [2] - The minutes from the Federal Open Market Committee's September meeting will be released on Wednesday, Oct. 8 [2] - Weekly jobless claims and wholesale inventories data are set to be published on Thursday, Oct. 9 [2] Group 3 - Preliminary consumer sentiment data and a monthly federal budget update are expected on Friday, Oct. 10, along with remarks from Chicago Fed President Austan Goolsbee [3]

Core Viewpoint - The potential government shutdown is not expected to significantly impact the stock market, although it may delay the release of key economic data that influences Federal Reserve interest rate decisions [1][7][8]. Market Reaction to Shutdown - Historical data suggests that the stock market tends to perform well during government shutdowns, with gains observed following two of the last three full shutdowns [4]. - Prediction markets indicate a 70% chance of a government shutdown occurring due to Congress's inability to agree on a stopgap bill [3]. Economic Impact - A government shutdown could temporarily put 800,000 to 900,000 federal workers out of work, with estimates suggesting that each week of shutdown could reduce GDP growth by 10 to 20 basis points according to various banks [5]. - The broader economy may suffer significantly if the shutdown extends beyond a week, as furloughed workers would have less disposable income to spend [6]. Federal Reserve Concerns - The shutdown may delay the release of vital economic data, complicating the Federal Reserve's ability to assess inflation and labor market conditions, which are crucial for interest rate decisions [7][8]. - While Wall Street anticipates another interest rate cut, the Fed may be hesitant to proceed without adequate economic data, although a shutdown could also prompt a cut due to its negative economic implications [7][8].