Today's Stock Market News & Events: 10/6/2022

Today's market-moving economic data and earnings schedule

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Yesterday marked a major move by OPEC that will have a worldwide impact. OPEC and its allies (including Russia) decided to curb daily oil productions by 2M barrels, marketing the single largest cut since 2020. OPEC did slash production during the COVID-19 lockdowns but is now confident to raise oil prices now that the lockdowns are over (and because higher prices = higher profits).

Today the usual initial and continuing weekly jobless claims data is all that is scheduled.

The following public companies are slated to release corporate earnings today, October 6:

AngioDynamics Inc. (NASDAQ:ANGO -- $21.55) designs, manufactures, and sells various medical, surgical, and diagnostic devices used by professional healthcare providers for the treatment of peripheral vascular disease and vascular access; and for use in oncology and surgical settings in the United States and internationally. AngioDynamics will report its Q1 earnings of 2023 before the bell today.

Conagra Brands Inc. (NYSE:CAG -- $33.80) operates as a consumer packaged goods food company in North America. Conagra will report its Q1 earnings of 2023 before the bell today.

Constellation Brands Inc. (NYSE:STZ -- $235.95) produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. Constellation Brands will report its Q2 earnings of 2023 before the bell today.

McCormick & Co. Inc. (NYSE:MKC -- $73.31) markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. McCormick will report its Q3 earnings of 2022 before the bell today.

Accolade Inc. (NASDAQ:ACCD -- $12.48) develops and provides technology-enabled solutions that help people to understand, navigate, and utilize the healthcare system and their workplace benefits in the United States. Accolade will report its Q2 earnings of 2023 after the close today.

Levi Strauss & Co. (NYSE:LEVI -- $16.58) operates as an apparel company. Levi Strauss will report its Q3 earnings of 2022 after the close today.

Looking ahead to tomorrow, nonfarm payrolls data, consumer credit and unemployment data are slated for release. 

All economic dates listed here are tentative and subject to change.

 

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