Nonfarm Payrolls Kicks Off October on Wall Street

A number of Fed Presidents will take the mic next week

by Patrick Martin

Published on Sep 26, 2019 at 10:26 AM
Updated on Sep 26, 2019 at 10:26 AM

With September wrapping up, there's a lot to unpack as a new month unfolds. The main highlight will be the September nonfarm payrolls report, as traders look for more information on the state of the economy. Five regional Fed presidents will take the mic throughout the week, plus Fed Governor Michelle Bowman. It's relatively quiet on the earnings front, but Constellation Brands (STZ), Lennar (LEN), and PepsiCo (PEP) will still report.

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

On Monday, Sept. 30, the month closes out with the Chicago purchasing managers index (PMI). Cal-Maine Foods (CALM) will report earnings.

Tuesday, Oct. 1 brings the Institute for Supply Management's (ISM) manufacturing index, Markit's manufacturing PMI, and construction spending data. Fed Governor Michelle Bowman and Chicago Fed President Charles Evans will also speak in the morning. McCormick (MKC), Stitch Fix (SFIX) and United Natural Foods (UNFI) step up to the earnings plate.

Motor vehicle sales are due out on Wednesday, Oct. 2. In addition, the ADP employment report, MBA mortgage applications, and weekly crude inventories are on deck. New York Fed President John Williams and Philadelphia Fed President Patrick Harker will also give remarks. Earnings from Acuity Brands (AYI), Bed Bath & Beyond (BBBY), LEN, Paychex (PAYX) are due out.

On Thursday, Oct. 3, there will be the ISM non-manufacturing index, factory orders, the Fed's balance sheet, and weekly jobless claims. Evans will speak in the morning, while Cleveland Fed President Loretta Mester takes the mic at noon. Traders can expect quarterly reports from Ascena Retail Group (ASNA), Costco (COST), PepsiCo (PEP), and STZ. 

The September unemployment report comes out, and international trade data will wrap up the week on Friday, Oct. 4. Atlanta Fed President Raphael Bostic will also speak in the morning. There are no earnings reports of note.

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