Weekly market recap
U.S. stock index futures were about unchanged during overnight trading on Sunday, after the major averages posted their best week in months amid a stronger-than-expected start to earnings season.
The major averages are coming off a winning week. The $道琼斯指数(.DJI.US)$advanced 382 points on Friday, ending the week with a 1.58% gain for its best week since June. The $标普500指数(.SPX.US)$rose 1.82% last week for its best week since July, while the $纳斯达克综合指数(.IXIC.US)$saw its best week since the end of August, with the tech-heavy index adding 2.18%.
So far 41 S&P 500 components have reported third-quarter results, with 80% of them topping EPS expectations, according to data from FactSet. Taking into account the companies that have already reported and estimates for the rest, third-quarter profit growth will total 30%, the third highest quarterly growth rate for S&P 500 companies since 2010, according to FactSet.
Here's a look at the return of S&P 500 sectors
This week ahead in focus
Seventy-two S&P 500 companies report earnings this week, as third-quarter earnings season ramps up. Several big U.S. banks got things off to a strong start last week. This week's earnings highlights will include results from notable companies in telecom, consumer staples, energy, technology, health care, and the airline industry.
Economic data highlights this week include the Conference Board's Leading Economic Index for September on Thursday and IHS Markit's Manufacturing and Services Purchasing Managers' indexes for October on Friday. All are seen easing back from their prior months' levels.
Other releases this week include the Federal Reserve's most recent Beige Book, describing economic conditions across the U.S., and a pair of September housing-market indicators: The Census Bureau reports new residential construction data on Tuesday and the National Association of Realtors reports existing-home sales on Thursday.
Monday 10/18
The Federal Reserve releases industrial production data for September. Economists are looking for a 0.20% rise after a 0.4% increase in August. Capacity utilization is expected at 76.5% for September, roughly in line with August's 76.4%.
$艾伯森(ACI.US)$, $飞利浦(PHG.US)$, $Steel Dynamics(STLD.US)$, and $道富银行(STT.US)$are among companies releasing quarterly financial results.
Tuesday 10/19
The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.623 million housing starts, compared with 1.615 million in August.
$哈里伯顿(HAL.US)$, $宝洁(PG.US)$, $强生(JNJ.US)$, Synchrony, $旅行者财产险集团(TRV.US)$, $菲利普莫里斯(PM.US)$, $Kansas City Southern(KSU.US)$, $奈飞(NFLX.US)$, and $都福集团(DOV.US)$are among companies hosting earnings conference calls.
Wednesday 10/20
The Federal Reserve releases its beige book about current economic conditions across the central bank's 12 districts.
$雅培(ABT.US)$, $渤健公司(BIIB.US)$, $新纪元能源(NEE.US)$, $Bed Bath & Beyond Inc(BBBY.US)$ $阿斯麦(ASML.US)$, $Canadian Pacific Kansas City Ltd(CP.CA)$, $Verizon(VZ.US)$, $特斯拉(TSLA.US)$, $IBM Corp(IBM.US)$, and $Anthem Inc(ANTM.US)$discuss quarterly financial results.
Thursday 10/21
The National Association of Realtors reports existing-home sales for September. Economists forecast a seasonally adjusted annual rate of 6.10 million homes sold, compared with 5.88 million homes in August.
$陶氏化学(DOW.US)$, $麦克莫兰銅金(FCX.US)$, $Genuine Parts(GPC.US)$, $西南航空(LUV.US)$, $瓦莱罗能源(VLO.US)$, $黑石(BX.US)$, $奎斯特诊疗(DGX.US)$, $BARCLAYS PLC(BCLYF.US)$, $丹纳赫(DHR.US)$, $AT&T(T.US)$, Nucor, $美国航空(AAL.US)$, $车之国公司(AN.US)$, $英特尔(INTC.US)$, $Snap Inc(SNAP.US)$, and $奇波雷墨西哥烧烤(CMG.US)$host earnings conference calls to discuss quarterly results.
The Philadelphia Fed diffusion index, a measure of overall manufacturing activity, is expected to fall to 24 in October from September's 30.7 reading.
The Conference Board releases its Leading Economic Index for September. Expectations are for a 0.50% rise, after August's 0.90% gain.
Friday 10/22
IHS Markit releases the Manufacturing and Services Purchasing Managers' indexes for October. Consensus estimate for the Manufacturing PMI is 60.3, while the Services PMI is expected to be 54.7, compared with 60.7 and 54.9, respectively, in September.
$惠而浦(WHR.US)$, $霍尼韦尔(HON.US)$, $克利夫兰克里夫(CLF.US)$, $塞拉尼斯(CE.US)$, $HCA医疗(HCA.US)$, $斯伦贝谢(SLB.US)$, $威富集团(VFC.US)$, and $美国运通(AXP.US)$host investor conference calls.
Source: CNBC, Barron's