S&P 500 Forecast: Earnings season revs up as Netflix, Tesla, Goldman Sachs and Bank of America report

S&P 500 gained 0.45% last week, its second positive week in a row, but sold off on Thursday, Friday. Earnings season takes center stage as Tesla, American Express, Johnson & Johnson and Goldman Sachs report. S&P 500 index closed Friday near support from June 26 near 4,328. September Retail Sales will be reported on Tuesday, Fed Chair Powell speaks on Thursday. Bank earnings from Wells Fargo, JPMorgan and Citigroup have raised expectations for this week’s slew of releases.

US Building Permits and Housing Starts for September will be released on Wednesday. Building Permits are expected to fall below the figure from August by about 90K, while Housing Starts are expected to exceed August’s reading by about 100K. The Fed’s Waller, Williams, Bowman, Cook and Jefferson will give speeches throughout the week that precede Jerome Powell’s speech during the market on Thursday .

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings playbook: Netflix and Goldman Sachs headline a big week of reportsExpectations for the overall earnings season are muted.
Source: CNBC - 🏆 12. / 72 Read more »

Netflix Earnings Preview: Analysts Cut Stock Price Targets in ResetThe sentiment from analysts heading into the third-quarter results on Oct. 18 is that expectations may have become a bit too exuberant amid a slow advertising ramp-up and possible increased spending on licensed content.
Source: THR - 🏆 411. / 53 Read more »

Tesla, Netflix earnings, UAW strike, Israel at war top week aheadEarnings season picks up in the coming week with big names, including Tesla and Netflix, set to report results, while the UAW strike against Ford, Stellantis and GM drags on.
Source: FoxBusiness - 🏆 458. / 53 Read more »