Rob Howarth, senior investment strategist at Bancorp Wealth Management US, speaks to “The Krumman Countdown” about the US financial system facing “systemic risk.”
Investors’ next week on Wall Street will be driven by key employment data and earnings from big names such as Conagra Brands, which owns brands and apparel such as Birds Eye and Duncan Hines, as the final quarter of 2022 begins. focus. The brand is Levi Strauss.
US stocks closed the month and quarter with losses on Friday as volatility surged. Recession and inflation concerns have pushed the Dow Jones Industrial Average into bear market territory.
For the month, the Dow and S&P 500 were down 9%, while the tech-heavy Nasdaq Composite was down 10.5%.
| ticker | safety | last | Change | change % |
|---|---|---|---|---|
| Me: DJI | dow jones average | 28725.51 | -500.10 | -1.71% |
| SP500 | S&P 500 | 3585.62 | -54.85 | -1.51% |
| I:COMP | NASDAQ Composite Index | 10575.618672 | -161.89 | -1.51% |
FOX Business looks at upcoming events likely to move financial market in the next few days.
Stock Market News: Stock Market Ends September as Federal Reserve Inflation Gauge Rises, Nike Shares Fall
10/3 Monday
Construction spending and ISM manufacturing PMI start the week of economic data.
| ticker | safety | last | Change | change % |
|---|---|---|---|---|
| XPER | Experi Holding Co., Ltd. | 14.14 | -0.08 | -0.56% |
Technology company Xperi rings the opening bell of the New York Stock Exchange to mark the completion of its spin-off as an independent, stand-alone publicly traded company. Meanwhile, Adeia, the newly renamed independent intellectual property licensing business of Xperi Holding Corporation, will ring the closing bell on the Nasdaq MarketSite.
Xperi will trade under the symbol XPER and Adeia will be listed on ADEA.
Atlanta Fed President Rafael Bostic gives opening remarks and participates in a moderated discussion before the 2022 Technology-Enabled Disruption (TED) conference hosted by the Federal Reserve Banks of Atlanta, Richmond and Dallas. Richmond Fed President Thomas Birkin will also speak at the conference. Additionally, Kansas City Fed President Estelle George will speak on payments before the Federal Reserve Bank of Chicago’s payments symposium.
The Stars and Stripes outside the New York Stock Exchange in New York on September 23, 2022. (AP Photo/Mary Altaffer / AP Newsroom)
Other notable events include the Moscow Exchange ending trading in British pounds and a settlement meeting related to an investor lawsuit against Tesla over CEO Elon Musk’s tweets.
Fed’s Brainard warns that restrictive interest rates may be needed ‘for some time’
10/4 Tuesday
Lighting and building management company Acuity Brands will be in the earnings spotlight on Tuesday before the market opens. On the economic data front, investors will receive reports on factory orders, durable goods, and the latest vacancies data from vacancies and turnover surveys. (JOLTS) report.
| ticker | safety | last | Change | change % |
|---|---|---|---|---|
| eye | ACUITY BRANDS INC. | 157.51 | +3.32 | +2.15% |
New York Fed President John Williams delivers opening remarks before the bank’s “Culture and New Workplaces” webinar. Additionally, Dallas Fed President Rory Logan will deliver a welcome speech ahead of the 2022 Technology-Enabled Disruption (TED) Conference, and Cleveland Fed President Loretta Mester will address payments at the Chicago Fed’s Payments Symposium. And San Francisco Fed President Mary Daly joins the chat. Before his event hybrid with the Council on Foreign Relations.
10/5 Wednesday
Helen of Troy, owner of brands such as Braun, Honeywell and Vicks, and Lamb Weston, maker of frozen potato products, report before the market opens.
| ticker | safety | last | Change | change % |
|---|---|---|---|---|
| Helle | Helen of Troy Corporation. | 96.44 | -2.88 | -2.90% |
| LW | Lam Weston Holdings Co., Ltd. | 77.40 | -0.69 | -0.88% |
Meanwhile, the ADP’s domestic employment report, the international trade balance, the ISM non-manufacturing PMI, weekly mortgage applications, and the Energy Information Administration’s weekly oil stocks are on the economic data deck.
Atlanta Federal Reserve Bank President Rafael Bostic will also speak on “Staying steadfast in the fight against inflation” before a virtual special public policy lecture at the Northwestern University Policy Institute.
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10/6 Thursday
Thursday will be the busiest day for earnings as food company Conagra Brands, spirits maker Constellation Brands and spice maker McCormick & Co. report before the market opens. Communications providers his IDT Corp and Levi Strauss will report after the bell. In terms of economic data, investors are looking at the latest early and ongoing unemployment claims.
Also on Thursday, Chicago Fed President Charles Evans participated in a moderated question-and-answer session with the Illinois Chamber of Commerce, while Cleveland Fed President Loretta Mester spoke about monetary policy and the economic outlook before the Council on Economic Education. I will give a lecture. on the Economy” event.
| ticker | safety | last | Change | change % |
|---|---|---|---|---|
| target | Target Co., Ltd. | 148.57 | -3.19 | -2.10% |
| Alphabet Inc. | 95.65 | -1.77 | -1.82% | |
| TWTR | Twitter Inc. | 43.94 | +1.18 | +2.76% |
Other notable events include Target’s second Deal Days 2022 event, Google’s latest Pixel lineup announcement, and rescheduled depositions in Elon Musk’s ongoing legal battle with Twitter. increase.
Friday 10/7
Rounding out the week are the September job report, wholesale inventory, sales and consumer credit. New York Fed President John Williams will also join his fireside chat and moderated Q&A session hosted by SUNY Buffalo State University.
