LEVI and PAYX enter the earnings confessional today
The stock market extended its gains by the end of the day yesterday, with the Dow closing up 465 points and the S&P 500 and Nasdaq also closing firmly in the black. We saw hopeful sentiment regarding U.S. President Donald Trump's recovery from coronavirus was heightened by the announcement that he was to be discharged from Walter Reed National Military Medical Center at 6:30 p.m. on Monday and investors also hopefully listened for any news regarding House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin's hour-long phone call discussing the second stimulus yesterday.
The Dow Jones Industrial Average (DJI - 28,148.64) rose 1.7% on Monday. Meanwhile, the S&P 500 Index (SPX - 3,408.60) added 1.8% for the day yesterday, and the Nasdaq Composite (IXIC - 11,332.49) gained 2.3%. Lastly, the Cboe Volatility Index (VIX - 27.96) tacked on 1.2% during yesterday's trading sessions.
Investors will be digging into today's U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) job openings data, as well as a weekly crude oil update. The U.S. Energy Information Administration (EIA) is also slated to provide a short-term energy outlook today. Later in the day, LEVI will step into the earnings confessional.
Tomorrow, October 7, the Fed's meeting minutes are set to be released. Crude oil inventory data is due out as well. No earning reports of note are on tap at this time. All earnings and economic dates listed on SchaeffersResearch.com are tentative and subject to change. Please check with each company's respective website for official reporting dates.