Investors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.
Investors are gearing up for another busy week of earnings and economic data, including the jobs report for October. Meanwhile, on Wall Street, stocks ended mixed Friday leaving both the S&P 500 and the Nasdaq Composite in correction territory. As of Friday, the S&P 500 is now 10% from its most recent peak. Apple's Big Event Apple will host an online event to start the week, reportedly to unveil new Mac laptops and possibly talk about its chips.
Fed Decision The Federal Reserve is widely expected to keep interest rates unchanged with 98% of traders forecasting the Federal Funds rate will remain between 5.25-5.50, according to the CME's FedWatch Tool. Chair Jerome Powell will take questions at his press conference following the decision starting at 2:30 pm ET. In earnings news, CVS, Kraft Heinz and Estée Lauder will report before markets open on Wednesday, with Airbnb and PayPal reporting after the bell.
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