3M, Coca-Cola, Honeywell, and IBM are among the blue chips in line to report results
The U.S. government shutdown is now on its third week, with no end in sight. A new earnings season will be in full swing next week, though. Investors will also be watching out for some key economic indicators, including the consumer price index (CPI) reading for September, as well as this month's S&P flash U.S. services and manufacturing data.
On the earnings front, expect to get results from 3M (MMM), AT&T (T), Cleveland-Cliffs (CLF), CME Group (CME), Coca-Cola (KO), GE Aerospace (GE), Freeport-McMoRan (FCX), Ford Motor (F), Halliburton (HAL), Honeywell (HON), Lockheed Martin (LMT), Netflix (NFLX), Newmont (NEM), Northrop Grumman (NOC), IBM (IBM), Tesla (TSLA), and Texas Instruments (TXN), to name a few.
Below is the schedule of key market events for the week ahead. Please note that some data may not be available due to the government shutdown. All economic dates are tentative and subject to change.
Monday, Oct. 20, brings U.S. leading economic indicators.
There is no economic data scheduled for Tuesday, Oct. 21. or Wednesday, Oct. 22.
Thursday, Oct. 23, features the usual round of weekly jobless claims data, as well as existing home sales.
The CPI and core CPI readings for last month are due out on Friday, Oct. 24, alongside the S&P flash U.S manufacturing and services data. A final consumer sentiment reading is also slated for release.