Home / Market Update / Commodities / Earnings biggest catalyst for stocks next week

Earnings biggest catalyst for stocks next week

Earnings could decide mid-October market status, as dozens of companies will report their financial statements next week.

The companies reporting next week will include Tesla and Netflix in addition to blue chips Procter & Gamble, Johnson & Johnson, American Express, Intel and Honeywell.

The nervous trading pattern of October has shaken U. S. stocks so far, should the same mood persist, this could depend on earnings of next week.

Stocks were higher in the past week, with the Nasdaq leading the charge with a 2.2% gain.

Cyclical sectors, like materials, industrial stocks and consumer discretionary were outstanding performers, and Tech held their own with a 2.6% gain. Real estate investment trusts were also among the best sectors up nearly 3.5%.

Check Also

Oil Prices Edge Higher Amid Cooling Inflation and Supply Resumptions

Oil prices began the week on a positive note, bolstered by data showing cooling U.S. …