Investors hopeful on midterm results, earnings, Japan warning and more: Tuesday's 5 things to know

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Investors will be watching Tuesday's midterm election results to see how it will impact the stock market. Third-quarter earnings reports also continue with Disney, News Corp. and more.

Nearly 90% of the S&P 500 has reported third-quarter numbers, and so far, the results are ahead of expectations.ahead of a crowded week of corporate earnings, inflation data and midterm elections that could see a shift to Republican control of one or both chambers of Congress.

Friday's jobs data, which showed that the labor market remains strong, further squelched some investors' hopes that the Fed might slow its pace of interest-rate increases.could dissuade them from investing in the world’s largest economy. "It would be possible that Japanese automakers hesitate to make further investments towards electrification of vehicles," the government said. "This could cause negative impacts on the expansion of investment and employment in the U.S."South Korea and European countries have also expressed concerns over the tax credits. Last Friday, South Korea said it was seeking a three-year grace period so that its automakers could continue receiving EV incentives in the U.S.

The comments appeared to be in reference to a five-year offshore drilling plan that the Department of the Interior is expected to finalize in the near future. Interior Secretary Deb Haaland has opened the door to block all drilling in federal waters through 2028, but she is also weighing whether to schedule up to 11 lease sales in that time span.

 

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