A Federal Reserve meeting, the latest U.S. jobs data, and another packed stretch of third-quarter earnings season will keep investors busy this week. Around 150 S&P 500 companies are scheduled to report.
Apple, Booking Holdings, ConocoPhillips, Eli Lilly, Moderna, Novo Nordisk, and Starbucks will publish results on Thursday, then Cboe Global Markets and Dominion Energy close the week on Friday. S&P CoreLogic releases the Case-Shiller National Home Price Index for August. Consensus estimate is for home prices to rise 1.6% year over year, following a 1% gain in July.
The Federal Open Market Committee announces its monetary-policy decision. Wall Street is nearly unanimous in expecting the FOMC to leave the federal-funds rate unchanged at 5.25%-5.50%. Traders are pricing in a one-in-five chance the Fed hikes interest rates by a quarter of a percentage point at its last meeting of the year, in mid-December.
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