Economic Indicators - Key economic indicators such as durable goods orders, jobless claims, and the personal consumption expenditures index (PCE) are expected to be delayed due to the ongoing government shutdown, which has now lasted four weeks [1] - Despite potential delays, investors will still have access to other data as they await the Federal Reserve's interest rate decision [1] Earnings Season - The earnings season is in full swing, with upcoming results from major companies including Amazon.com (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), and Visa (V) among others [2] Market Events Schedule - A schedule of key market events includes durable goods orders on Monday, Oct. 27, and the S&P Case-Shiller home price index along with consumer confidence data on Tuesday, Oct. 28 [3] - The advanced U.S. trade balance in goods, retail inventories, and wholesale inventories are set for release on Wednesday, Oct. 29, along with pending home sales and the Fed's interest rate decision [4] - On Friday, Oct. 31, important data will include the employment cost index, personal income and spending data, and the PCE and core PCE indexes, along with remarks from Cleveland Fed President Hammack and Atlanta Fed President Bostic [5]

Core Viewpoint - The U.S. economy is experiencing a slowdown, with increasing concerns regarding the labor market, tariffs, and a weak manufacturing sector [1] Economic Indicators - A variety of economic indicators suggest a deceleration in economic activity [1] - The labor market is showing signs of weakness, contributing to the overall economic slowdown [1] - Tariffs are presenting headwinds that further complicate economic growth [1] - The manufacturing sector is reported to be weak, which is a significant concern for the economy [1]

Group 1: Market Overview - Pre-market futures indicate a positive start to the trading week, with the Dow up 70 points, S&P 500 up 10 points, Nasdaq up 25 points, and Russell 2000 up 13 points, although all indexes are off their all-time highs from earlier in the month [1] Group 2: Company Earnings - Cleveland-Cliffs (CLF) reported a loss of -$0.50 per share, better than the projected -$0.68, with revenues of $4.93 billion exceeding Zacks consensus by +0.62%, leading to a +4.5% increase in shares [2] - Domino's Pizza (DPZ) missed earnings expectations by -3% with earnings of $3.81 per share, marking its second miss in three quarters, but revenues of $1.15 billion were up +4.3% year over year, resulting in a +3% increase in pre-market trading [3] Group 3: Economic Indicators - The U.S. Leading Economic Indicators (LEI) report for June is expected to show a further decline to -0.2% from May's -0.1%, with most LEI numbers negative over the past six months, indicating potential recession signals [4][5] - Upcoming economic reports include Existing & New Home Sales, S&P flash Services and Manufacturing PMI, and Durable Goods Orders, with mixed expectations for these data points [7] Group 4: Future Earnings Expectations - Alphabet (GOOGL) is expected to see a +13.2% increase in earnings and +11.1% in overall revenues, while Tesla (TSLA) is projected to experience a -23.1% decline in earnings year over year and -11.9% in revenue [6]

Market Overview - U.S. stocks traded mostly higher, with the Nasdaq Composite gaining over 100 points on Thursday [1] - The Dow rose 0.01% to 41,866.30, the NASDAQ increased by 0.74% to 19,011.97, and the S&P 500 gained 0.20% to 5,856.20 [1] Sector Performance - Communication services shares increased by 1.7% on Thursday [1] - Utilities stocks experienced a decline of 1.8% [1] Company Earnings - BJ's Wholesale Club Holdings, Inc. reported adjusted earnings per share of $1.14, exceeding the analyst consensus estimate of 92 cents [2] - Quarterly revenues were $5.15 billion, a 4.7% year-over-year increase, but fell short of the expected $5.20 billion [2] - The company reaffirmed its full-year 2025 adjusted earnings guidance of $4.10 to $4.30 per share, compared to the $4.24 estimate [2] Stock Movements - Vigil Neuroscience, Inc. shares surged 243% to $7.91 following the announcement of its acquisition by Sanofi for approximately $600 million [8] - Navitas Semiconductor Corporation shares rose 128% to $4.3335 after being selected by NVIDIA for collaboration [8] - Advance Auto Parts, Inc. shares increased by 44% to $45.14 due to better-than-expected first-quarter results [8] - CEL-SCI Corporation shares dropped 46% to $2.4309 after announcing a $5 million public offering [8] - Sunrun Inc. shares fell 40% to $6.44 after a downgrade from BMO Capital [8] - Enphase Energy, Inc. shares decreased by 16% to $39.85 [8] Economic Indicators - U.S. existing home sales fell 0.5% month-over-month to an annual rate of 4.00 million, the lowest level in six months [10] - The S&P Global services PMI rose to 52.3 in May from 50.8 in April [10] - The S&P Global manufacturing PMI increased to 52.3 in May from 50.2 in April [10] - The Chicago Fed National Activity Index decreased to -0.25 in April from +0.03 in March [10] - U.S. initial jobless claims fell by 2,000 to 227,000 in the week ending May 17, compared to market estimates of 230,000 [10]

Economic Indicators - The Advance Trade Balance for March reached an all-time low of -$162 billion, worsening from an adjusted -$147.8 billion the previous month, indicating a significant decline since the last presidential election [2] - Advance Retail Inventories fell to -0.1% in March, contrary to expectations of +0.4%, marking a continued downward trend since July of the previous year [3] - Advance Wholesale Inventories increased by +0.5%, slightly below the +0.6% consensus estimate, matching the revised February figure [4] Company Earnings Reports - PayPal (PYPL) reported Q1 earnings of 92 cents per share, exceeding the expected 64 cents, but revenues fell short by -0.88% to $13.72 billion [5] - General Motors (GM) achieved Q1 earnings of $2.78 per share, surpassing the $2.69 estimate, with revenues of $44.02 billion exceeding expectations by +3.57% [6] - Honeywell (HON) reported earnings of $2.51 per share, beating estimates by +13.57%, with quarterly sales of $9.82 billion, a +2.59% increase [7] - Spotify (SPOT) missed Q1 earnings expectations significantly, reporting earnings of $1.13 per share compared to the expected $2.29, with revenues of $4.41 billion falling short by -4.08% [8] Market Expectations - Job Openings and Labor Turnover Survey (JOLTS) results are anticipated to show a decline from 7.57 million to approximately 7.5 million [10] - Consumer Confidence for April is expected to drop to 87.3 from 92.9 in March, reflecting concerns over the economic outlook and high prices [11] - Upcoming earnings reports from major companies like Visa, Starbucks, Seagate Technologies, and Snap are expected, with significant reports from Microsoft and Meta Platforms starting Wednesday [12]