Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap

Wall Street is about to get hit with the newsiest week yet ahead of the election — just as the stock market has started to falter. Investors will contend with earnings results from five of the Magnificent Seven companies next week. Alphabet's results are set to release on Tuesday. Microsoft and Meta Platforms post their reports on Wednesday. Results from Amazon and Apple come out Thursday.

head of equity strategy Nicole Inui upped her S & P 500 year-end target to 5,900. She cited a Goldilocks outcome that's "rightly" getting priced into markets given strong economic growth, easing inflation, as well as a broadening of the rally from mega-cap tech. "The pieces are falling into place for a bull case scenario," Inui wrote. The releases next week could add confidence to that narrative. The October jobs report due out Friday is expected to show the U.S.

survey, as well as the consumer confidence data, due out at the start of the week. Week ahead calendar All times ET. Monday Oct. 28 10 a.m. Richmond Fed Index 10:30 a.m. Dallas Fed Index Earnings: Ford Motor , On Semiconductor Tuesday Oct. 29 8:30 a.m. Wholesale Inventories preliminary 9 a.m. Home Price Index 9 a.m. S & P/Case-Shiller comp.20 HPI 10 a.m. Consumer Confidence 10 a.m.

Job Openings Earnings: Visa , Chipotle Mexican Grill , First Solar , Caesars Entertainment , Advanced Micro Devices , McDonald's , Pfizer , Royal Caribbean Group , PayPal , D.R Horton , Alphabet Wednesday Oct. 30 8:15 a.m. ADP Employment Survey 8:30 a.m. GDP Chain Price first preliminary 8:30 a.m. GDP first preliminary 10 a.m. Pending Home Sales Index 10 a.m.

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