Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Retail Sales, Honeywell, Bank Bigwigs: 3 Things to Watch

Stock MarketsOct 15, 2020 21:05
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Christiana Sciaudone

Investing.com  --  Stocks finished off their lows of the day as investors weighed a surge in coronavirus cases in Europe and the prospects for, you guessed it, more stimulus.

The S&P 500 rallied late to close down 0.13%, well off an earlier 1.4% decline. Banks led the late charge, paced by Morgan Stanley (NYSE:MS), which reported better than expected results. Tech companies underperformed, with the NASDAQ Composite closing lower.

Shares had opened weaker after some of Europe's biggest cities announced new measures to contain the spread of Covid-19. On the stimulus front, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin were scheduled to talk again, and President Donald Trump said he was willing to go bigger than the $1.8 trillion already proposed. 

Here are three things that may move markets tomorrow:

1. The money we spent

We'll get a look at how much Americans spent in September when retail sales are published at 8:30 AM ET (1230 GMT). Economists are expecting a gain of 0.7%, not much of a change from August's 0.6% as the pandemic continues to disrupt  seasonal patterns. Also coming on the economic data front: Industrial production and consumer sentiment from the University of Michigan.

2. Show me the money

It's a mixed bag to close out the earnings calendar for the week. Honeywell International Inc (NYSE:HON). is by far the largest company due, and the recent addition to the Dow will look to keep a four-year streak of profit beats going. On the financials side, we'll hear from Bank of New York Mellon (NYSE:BK) Corp., State Street Corp (NYSE:STT). and Citizens Financial (NYSE:CFG) Group. VF Corp (NYSE:VFC)., Schlumberger (NYSE:SLB) LTD. and Kansas City Southern (NYSE:KSU) are also due.

3. These guys are the money

Just in case you haven't had enough of banking bigwigs this week, there's more. The Institute of International Finance closes out its 2020 meeting with a series of "Views From the C-Suite" conversations. Among the CEOs scheduled to speak: Jamie Dimon of JPMorgan (NYSE:JPM), Brian Moynihan of Bank of America (NYSE:BAC), Charles Scharf of Wells Fargo (NYSE:WFC), BlackRock (NYSE:BLK)'s Laurence Fink, Anne Richards of Fidelity and Jes Staley of Barclays (LON:BARC).

 

Retail Sales, Honeywell, Bank Bigwigs: 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email