Third-quarter earnings from Devon Energy, D.R. Horton, eBay, Occidental Petroleum, Uber, Kellanova, MGM Resorts, Walt Disney, and Warner Bros. Discovery, and...
Third-quarter reports will be this week’s focus, with S&P 500 companies on pace to return to earnings growth. It will be a much quieter week on the economics front after a Federal Reserve meeting, jobs data, and U.S. Treasury funding announcements last week.
Wednesday’s highlights will include Kellanova, MGM Resorts International, Roblox, Walt Disney, and Warner Bros. Discovery, followed by AstraZeneca and Becton Dickinson on Thursday. Monday 11/6 BioNTech, Celanese, Constellation Energy, Coterra Energy, Diamondback Energy, NXP Semiconductors, Realty Income, and Vertex Pharmaceuticals release quarterly results.
The Federal Reserve reports consumer credit data for September. In August total consumer debt fell at a seasonally adjusted annual rate of 3.8% to $4.97 trillion. Revolving credit, mainly credit card debt, jumped 13.8%. Nonrevolving credit, such as mortgages and auto loans, declined 9.8%, reflecting the slowdown in the housing market.
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