Here are the most important news items that investors need to start their trading day:
1. Can stocks keep rising?
U.S. stocks have carved out a winning streak. The S&P 500 and Dow Jones Industrial Average have posted six straight positive weeks. Both indexes closed at record highs on Friday. A busy week of earnings, along with the approaching presidential election, will help to determine where stocks go in the days ahead. Follow live market updates.
2. Earnings in transit
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022.
Patrick Pleul | Pool | Via Reuters
Earnings season is picking up, as about one-fifth of the S&P 500 will post results this week. With 14% of the S&P reporting as of Friday, both earnings and revenue had climbed 4% from the year-ago quarter. Stocks tied to transportation will dominate the week, led by Tesla, General Motors and Boeing. Here are the major reports to watch:
3. End in sight
Boeing is expected to report dismal results, due in part to a machinist strike that has halted aircraft production. The work stoppage could soon end. The company and its machinist union reached a deal on a new contract proposal, which workers will have to ratify in a vote expected Wednesday. The deal includes 35% pay increases over four years, a higher signing bonus of $7,000 and higher 401(k) contributions, among other measures. The strike has gone on for more than a month. Boeing, already mired in crisis after a door plug blew out on a plane earlier this year, said earlier this month that it expects to report a deep loss, and announced it would cut 10% of its workforce.
4. The 2024 stakes
Republican presidential nominee, former U.S. President Donald Trump speaks as Democratic presidential nominee, U.S. Vice President Kamala Harris listens as they attend a presidential debate hosted by ABC in Philadelphia, Pennsylvania, U.S., September 10, 2024.
Brian Snyder | Reuters
U.S. Election Day is just over two weeks away. Polling suggests a tight race between Vice President Kamala Harris and former President Donald Trump in the handful of states that will determine the Electoral College winner. As the candidates make their final pitches to voters, Tech Zone Daily has taken a look at how their platforms will affect consumers and companies. This weekend, Tech Zone Daily assessed how both candidates would handle the popular and critical Social Security program, along with drug prices, insurance coverage and abortion in the U.S.
5. Carrying the torch
FILE PHOTO: Oct 20, 2024; Brooklyn, New York, USA; New York Liberty forward Jonquel Jones (35) holds up the MVP trophy after defeating the Minnesota Lynx in overtime to win the 2024 WNBA Finals at Barclays Center.
Wendell Cruz | Usa Today Sports Via Reuters Con
– Tech Zone Daily’s Sarah Min, Robert Hum, Leslie Josephs, Lorie Konish and Annika Kim Constantino contributed to this report.
