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Liz Moyer
Investing.com — Stocks fell Thursday despite strong corporate earnings as investors continued to risk averse amid rising interest rates.
Investors fear a recession as the US Federal Reserve (Fed) aggressively campaigns to cool the economy, but last week’s unemployment claims rose again. is declining and the job market remains tight.
Meanwhile, companies continue to report earnings in the third quarter, a mix of gains and disappointments. Several companies have spoken out about the pressure a stronger dollar is putting on their earnings, with some reporting lower profit margins as the pandemic’s challenges, such as supply chain problems, continue. Tesla (NASDAQ:) missed revenue expectations slightly, saying a shortage of ships and trains to deliver its vehicles led to a delivery bottleneck in the second half of the quarter.
Next week, in addition to the GDP update, investors will have access to the next round of data on personal savings and personal income, as well as inflation. The Fed is set to take it all in for its next policy meeting scheduled for early November.
Here are three things that could affect tomorrow’s markets.
1. Verizon Earnings
telecommunications giant Verizon Communications Inc (NYSE:) is expected to report earnings of $1.29 per share on earnings of 33.8 billion. Analysts will listen to what the company has to say about the subscriber and her 5G.
2. american express Earnings
Card company American Express Company (NYSE:) is expected to report earnings of $2.41 per share on revenue of $13.5 billion. Analysts will listen for signs of spending on business and entertainment.
3. Schlumberger Earnings
Schlumberger NV (NYSE:) is expected to report a profit of 55 cents on revenue of $7.1 billion.
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