Can it be? Bank earnings kick off the quarterly earnings calendar next week.

It seems like only yesterday we had the last earnings cycle

Earning's for the quarter kickoff next week with financials and banks leading the charge
Can it be?
Next week bank earnings will kickoff the quarterly earnings calendar.  It seems like only yesterday that the last quarter was complete.
The thanks/financials traditionally are the first to report, but other names are in the mixed.
Some of the major releases include:
  • J.P. Morgan
  • BlackRock
  • Delta Airlines
  • Citi
  • Domino’s pizza
  • Bank of America
  • Walgreens
  • Morgan Stanley
  • Wells Fargo
  • U.S. Bancorp
  • UnitedHealth Group
  • Goldman Sachs
  • PNC
  • Truist
  • JB Hunt
That’s just the start, but it is the start.

Monday is a holiday in some markets

It’s Columbus day in the US and Thanksgiving in Canada

Monday is a semi-holiday in the US — Columbus day — so that will crimp activity. The CME and NYSE are open and SIFMA doesn’t recommend a bond closure. However there is no economic data on the schedule so that could keep it quiet.
In Canada it’s a different story with all markets shut for the Thanksgiving holiday.
European and Asian markets are all open but the economic calendar everywhere is light.

Major US indices close the day lower. Snap a three day win streak

NASDAQ index falls -0.5%. S&P and Dow marginally lower on the day

The major US indices are closing the day lower. The declines snapped a three day win streak for the indices.

  • Dow has best week since June
  • Major indices all closed higher for the week
  • S&P post the best week since August
  • Energy and financials lead today as oil moves higher and interest rates to move higher
A look at the final numbers shows:
  • Dow industrial average fell -8.7 points or -0.03% at 34746.24.
  • S&P index fell -8.4 points or -0.19% at 4391.35
  • NASDAQ index fell -74.47 points or -0.51% at 14579.55. That closed near the lows for the day at 14569.68.  The index was up as much as 0.31% at the highs
  • The Russell 2000 fell -17 points or -0.76% at 2233.09
For the week, the Dow industrial average led the way with a 1.27% gain
  • Dow, +1.27%
  • S&P index +0.83%
  • NASDAQ index +0.1%
Year-to-date gains show:
  • Dow +13.59%
  • S&P index +16.96%
  • NASDAQ index +13.14%
Go to top