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Tag: Eastman Chemical Co

  • Shares making the largest strikes noon: Hire the Runway, Meta, Oatly, Adobe & extra

    Onur Dogman | Lightrocket | Getty Pictures

    Take a look at the corporations making headlines in noon buying and selling Tuesday.

    Meta – Stocks of Meta slid 9.37% as the full marketplace fell Tuesday. The corporate’s wager on Reels is going through hurdles — Instagram customers are spending not up to one-tenth of the 197.8 million hours TikTok customers spend on a daily basis at the platform, The Wall Boulevard Magazine reported Monday. In the meantime, Morgan Stanley reiterated its obese ranking at the inventory Tuesday, pronouncing buyers will have to wait for more info on declining consumer engagement tendencies all through the following income name.

    Hire the Runway – Hire the Runway plunged 38.74% after freeing disappointing second-quarter effects appearing slowed subscriber expansion. As well as, Credit score Suisse downgraded stocks of the corporate to impartial from outperform after the income file.

    Oatly — Oatly sank 7.27% after Credit score Suisse downgraded the beverage corporate to impartial from outperform and reduce its value goal, bringing up higher client chance in Europe and Asia.

    Adobe – Stocks of Adobe fell 7.06% after BMO downgraded the corporate to marketplace carry out from outperform. The company additionally diminished earnings estimates for 2022 and 2023 on long-term issues about Adobe’s cloud product.

    Dow Inc.— Dow slumped 6.01% after Jefferies downgraded the chemical corporate to carry from purchase on call for dangers and extra provide.

    Corteva – Stocks of Corteva rose 0.87% after the rural science corporate introduced a $2 billion proportion repurchase plan.

    SVB Monetary—Stocks of SVB Monetary slipped 5.28% after the corporate reduce its third-quarter steering all through a Barclays convention. It used to be additionally downgraded by way of more than one corporations, together with Oppenheimer and Piper Sandler.

    Carvana – Stocks of Carvana slipped 12.94% an afternoon after the corporate surged 15% on an improve from Piper Sandler. The company mentioned that the corporate is simply too affordable to forget about in a Sunday notice.

    Braze – Stocks of the cloud computing corporate plunged 19.27% although Braze reported income that beat Wall Boulevard’s expectancies. Nonetheless, analysts are nervous concerning the corporate’s long term gross sales. Cloud shares on the whole fell all through the marketplace rout.

    Eastman Chemical — Eastman Chemical stocks fell 11.34% after the corporate reduce its third-quarter income steering to about $2 according to proportion. The corporate had in the past issued steering for “forged expansion in comparison to Q3 2021 adjusted EPS of $2.46.” The brand new steering could also be under a StreetAccount forecast of $2.60 according to proportion.

    — CNBC’s Michelle Fox contributed reporting

  • Markets face what may well be crucial week of summer season with Fed, income and financial information

    A dealer works at the ground of the New York Inventory Alternate (NYSE), June 27, 2022.

    Brendan McDermid | Reuters

    There is a head-spinning quantity of reports for markets to navigate within the week forward, the most important of which would be the Federal Reserve’s midweek assembly.

    The 2 greatest U.S. firms — Microsoft and Apple — file Tuesday and Thursday, respectively. Google dad or mum Alphabet releases effects Tuesday, and Amazon reviews Thursday. Meta Platforms, previously Fb, reviews Wednesday. In all, greater than a 3rd of the S&P 500 firms are reporting.

    On most sensible of which can be a number of hefty financial reviews, which must upload gasoline to the talk on whether or not the financial system is heading towards, or is already in, a recession.

    “Subsequent week, I believe, goes to be crucial week of the summer season between the commercial reviews popping out, with admire to GDP, the employment value index and the Fed assembly — and the 175 S&P 500 firms reporting income,” stated Leo Grohowski, leader funding officer at BNY Mellon Wealth Control.

    2nd-quarter gross home product is predicted Thursday. The Fed’s most well-liked non-public intake expenditures inflation information comes out Friday morning, as does the employment value index. House costs and new house gross sales are reported Tuesday and client sentiment is launched Friday.

    “I believe what the ones larger firms say concerning the outlook will probably be extra necessary than the income they put up. … Whilst you mix that with the statistical reviews, which will probably be backward taking a look, I believe it’ll be a risky and necessary week,” Grohowski stated.

    Inventory alternatives and making an investment tendencies from CNBC Professional:

    The run-up to the Fed’s assembly on Tuesday and Wednesday has already confirmed to be dramatic, with investors at one level satisfied a complete level charge hike was once coming. However Fed officers driven again on that view, and economists broadly be expecting a moment three-quarter level hike to apply the only final month.

    “Clearly a 75 foundation level hike is baked within the cake for subsequent week,” stated Grohowski. “I believe the query is what occurs in September. If the Fed is continuous to stick too tight for too lengthy, we will be able to want to building up our chance of recession, which lately stands at 60% over the following twelve months.” A foundation level equals 0.01%.

    The Fed’s charge mountaineering is essentially the most competitive in many years, and the July assembly comes as buyers are looking to decide whether or not the central financial institution’s tighter insurance policies have already or will cause a recession. That makes the commercial reviews within the week forward all of the extra necessary.

    GDP file

    Topping the checklist is that second-quarter GDP, anticipated to be damaging via many forecasters. A contraction will be the moment in a row on most sensible of the 1.6% decline within the first quarter. Two damaging quarters in a row, when confirming declines in different information, is seen because the signal of a recession.

    The commonly watched Atlanta Fed GDP Now was once monitoring at a decline of one.6% for the second one quarter. In line with Dow Jones, a consensus forecast of economists expects a zero.3% building up.

    “Who is aware of? Lets get a back-of-the-envelope recession with the following GDP file. There is a 50/50 likelihood the GDP file is damaging,” Grohowski stated. “It is the easy definition of 2 down quarters in a row.” He added, alternatively, that might no longer imply an respectable recession could be declared via the Nationwide Bureau of Financial Analysis, which considers quite a lot of components.

    Diane Swonk, leader economist at KPMG, expects to peer a decline of one.9%, however added it’s not but a recession as a result of unemployment would want to upward thrust as neatly, via up to a part %.

    “That is two damaging quarters in a row, and a large number of individuals are going to mention ‘recession, recession, recession,’ however it is not a recession but,” she stated. “The patron slowed fairly a little bit all the way through the quarter. Business stays an enormous downside and inventories have been tired as a substitute of constructed. What is fascinating is the ones inventories have been tired with out a large number of discounting. My suspicion is inventories have been ordered at even upper costs.”

    Shares up to now week have been upper. The S&P 500 ended the week with a 2.6% acquire, and the Nasdaq was once up 3.3% as income reinforced sentiment.

    “We are in point of fact moving gears relating to what is going to be necessary subsequent week as opposed to this week,” stated Artwork Hogan, leader marketplace strategist at Nationwide Securities. “We in point of fact had an financial information that was once in large part omitted. Subsequent week, it’s going to almost certainly equivalent the eye we pay to the family names which can be reporting.”

    Higher-than-expected income?

    Corporations persevered to marvel at the upside up to now week, with 75.5% of the S&P 500 income higher than anticipated, in step with I/B/E/S information from Refinitiv. Much more spectacular is that the expansion charge of income for the second one quarter persevered to develop.

    As of Friday morning, S&P 500 income have been anticipated to develop via 6.2%, in response to exact reviews and estimates, up from 5.6% every week previous.

    “We have now more or less a great hurricane of inputs, lovely deep financial reviews around the board, with issues that experience turn out to be necessary, like client self assurance and new house gross sales,” stated Hogan “For me, the actual inform will probably be whether or not the angle of buyers is still that the income season is healthier than feared.”

    Whilst shares won up to now week, bond yields persevered to slip, as investors nervous about the potential of recession. The benchmark 10-year Treasury yield fell to two.76% Friday, after weaker PMIs in Europe and the U.S. despatched a chilling caution at the financial system. Yields transfer reverse value.

    “I do assume the marketplace is pivoting,” stated Grohowski. “I do assume our issues no less than are briefly moving from continual inflation to issues over recession.”

    The potential of volatility is top, with markets centered at the Fed, income and recession worries. Fed Chair Jerome Powell may additionally create some waves, if he’s extra hawkish than anticipated.

    “There are a large number of indicators available in the market about slowing financial expansion that can deliver down inflation. Optimistically, the Fed does not keep too tight for too lengthy,” stated Grohowski. “The risk of a coverage error via the Fed continues to extend as a result of we proceed to get indicators of a hastily cooling — no longer simply cooling — financial system.”

    Week forward calendar

    Monday

    Income: Newmont Goldcorp, Squarespace, Whirlpool, NXP Semiconductor, TrueBlue, F5

    Tuesday

    Income: Microsoft, Alphabet, Coca-Cola, McDonald’s, Basic Motors, 3M, UPS, PulteGroup, Raytheon Applied sciences, Texas Tools, Archer-Daniels-Midland, Chubb, Chipotle Mexican Grill, Mondelez Global, Canadian Nationwide Railway, Pentair, LVMH, Paccar, Kimberly-Clark, Albertsons, Basic Electrical, Ameriprise, Teradyne, Ashland, Boston Houses, FirstEnergy, Visa

    FOMC starts 2-day assembly

    9:00 a.m. S&P/Case-Shiller house costs

    9:00 a.m. FHFA house costs

    10:00 a.m. New house gross sales

    10:00 a.m. Shopper self assurance

    Wednesday

    Income: Boeing, Meta Platforms, Bristol-Myers Squibb, Ford, Etsy, Qualcomm, T-Cellular, Kraft Heinz, Norfolk Southern, Netgear, Cheesecake Manufacturing unit, American Water Works, Ryder Machine, Authentic Portions, Waste Control, Hilton International, Boston Clinical, Owens Corning, Sherwin-Williams, Fortune Manufacturers, Lam Analysis, Flex, Hess, Group Well being Techniques, Molina Healthcare

    8:30 a.m. Sturdy items

    10:00 a.m. Pending house gross sales

    2:00 p.m. FOMC remark

    2:30 p.m. Fed Chair Jerome Powell press briefing

    Thursday

    Income: Apple, Amazon, Comcast, Intel, Merck, Pfizer, Honeywell, Mastercard, Northrop Grumman, Southwest Air, Harley-Davidson, Anheuser-Busch InBev, Diageo, Shell, Stanley Black and Decker, Carlyle Workforce, Southern Co, Lazard, Roku, Global Paper, Sirius XM, Hershey, PG&E, ArcelorMittal, Keurig Dr. Pepper, Hertz International, T.Rowe Value, Valero, Embraer, First Sun, Beazer Houses, Hartford Monetary, Celanese, VF Corp, Eastman Chemical, Frontier Workforce

    8:30 a.m. Preliminary claims

    8:30 a.m. Actual GDP [Q2 advanced]

    Friday

    Income: AstraZeneca, Weyerhaeuser, Sony, BNP Paribas, Eni, Aon

    8:30 a.m. Employment Value Index

    8:30 a.m. Non-public source of revenue/spending

    8:30 a.m. PCE deflator

    9:45 a.m. Chicago PMI

    10:00 a.m. Shopper sentiment

  • Pass judgement on says Trump most likely broke the legislation by means of seeking to impede Congress from confirming Biden win

    Ex-President Donald Trump most likely broke the legislation by means of “corruptly” making an attempt to impede the certification by means of Congress of President Joe Biden’s Electoral School win on Jan. 6, 2021, a federal pass judgement on stated in a civil courtroom ruling Monday.

    Pass judgement on David Carter wrote that Trump together with his best friend, attorney John Eastman, “introduced a marketing campaign to overturn a democratic election, an motion unparalleled in American historical past.”

    “Their marketing campaign was once now not confined to the ivory tower — it was once a coup on the lookout for a criminal principle,” Carter wrote within the ruling upholding a subpoena for almost all of 111 paperwork from Eastman sought by means of the choose Area committee investigating the Jan. 6 Capitol rebellion.

    If the plan “had labored, it will have completely ended the non violent transition of energy, undermining American democracy and the Charter,” wrote Carter within the U.S. District Courtroom for the Central District of California ruling.

    The verdict does now not imply that Trump or Eastman will probably be prosecuted for the suspected crime.

    Eastman, whilst a professor at Chapman College, had written a memo that had detailed how Vice President Mike Pence may reject the certification of Biden’s election wins in seven states by means of a joint consultation of Congress on Jan. 6.

    If that had came about, Congress may say Trump received the Electoral School, or ship the election to the Area of Representatives, which can have picked Trump because the winner because of the truth that Republicans managed a majority of state delegations in that chamber.

    Pence didn’t pass at the side of that plan, announcing he didn’t have such energy to reject person states’ election effects. The vice chairman’s choice infuriated Trump, who with Eastman has falsely claimed that Biden’s victory was once a sham enabled by means of well-liked poll fraud.

    Carter famous that Trump and Eastman, in keeping with the choose Area committee, on Jan. 2, 2021, hosted a briefing that instructed a number of hundred state legislators from states received by means of Biden “to ‘decertify’ electors” for Biden.

    The pass judgement on additionally cited the truth that Trump that very same day referred to as Georgia’s secretary of state and instructed him to “in finding” sufficient votes for Trump to overturn Biden’s election in that state, caution of “public anger and threatened prison penalties” when that legit, Brad Raffensperger, driven again at the requests.

    Two days later, Eastman met with Trump within the Oval Workplace, at the side of Pence and the vice chairman’s leader of body of workers and recommend, the place Eastman “offered simplest two classes of motion for the Vice President on January 6: to reject electors or extend the rely.”

    On Jan. 5, an afternoon prior to Congress was once because of verify Biden as the following president, Eastman once more met with Pence’s recommend and leader of body of workers, announcing, “I am right here asking you to reject the electors,” the ruling famous.

    “According to the proof, the Courtroom reveals it much more likely than now not that President Trump corruptly tried to impede the Joint Consultation of Congress on January 6, 2021,” Carter wrote in his 44-page ruling.

    “If the rustic does now not decide to investigating and pursuing responsibility for the ones accountable, the Courtroom fears January 6 will repeat itself.”

    Carter’s stinging feedback got here in his choice that ordered Eastman to divulge 101 paperwork to the choose Area committee.

    The pass judgement on wrote that 10 different paperwork must now not be grew to become over to the committee, discovering that they’re privileged as a result of they represent legal professional paintings product.

    Eastman had spoken at a rally for Trump held out of doors the White Area previous that day, the place the then president and his allies referred to as on Congress and Pence to dam Biden’s victory.

    “And all we’re hard of Vice President Pence is that this afternoon at 1:00 he let the legislators of the state glance into this so we resolve it, and the American other people know whether or not we’ve got keep watch over of the course of our executive, or now not,” Eastman instructed the crow that day.

    “We not reside in a self-governing republic if we will’t get the solution to this query. That is larger than President Trump. This can be a very essence of our republican type of executive, and it must be accomplished,” Eastman stated.

    “And any one that isn’t prepared to get up to do it, does now not need to be within the place of work. It’s that easy.”

    Trump quickly after took the rostrum, the place he praised Eastman and his plan.

    “John is without doubt one of the maximum sensible legal professionals within the nation, and he checked out this and he stated, ‘What an absolute shame that this may also be going down to our Charter,’” Trump stated.

    “As a result of if Mike Pence does the proper factor, we win the election. All he has to do, all that is, that is from the No. 1, or indisputably one of the crucial best, constitutional legal professionals in our nation. He has absolutely the proper to do it,” Trump stated.

    In a while in a while, a mob of Trump supporters invaded the Capitol advanced and swarmed the halls of Congress.

    The rebellion disrupted for hours the lawsuits confirming that Biden would turn out to be president later that month. 5 other people died in reference to the rebellion, together with a Capitol Police officer, and greater than 100 different police officers had been injured.

    “Because the assault improved, Dr. Eastman persisted to induce Vice President Pence to rethink his choice to not extend the rely,” Carter wrote in his ruling.

    “In an e-mail to Vice President Pence’s recommend Greg Jacob at 2:25 pm on January 6, Dr. Eastman wrote: ‘The ‘siege’ is as a result of YOU and your boss didn’t do what was once vital to permit this to be aired in a public approach so the American other people can see for themselves what came about,’ ” the ruling famous.

    Eastman later refused to willingly produce any paperwork sought by means of the Area committee investigating the rebellion, and asserted his 5th Modification privilege in opposition to self-incrimination 146 occasions when he was once deposed by means of that panel, Carter wrote in his ruling.

    Spokespeople for Trump, the Area committee and the U.S. Division of Justice, in addition to Eastman’s legal professional, didn’t instantly go back requests for touch upon Carter’s ruling.

     — Further reporting by means of Kevin Breuninger.

    Correction: Brad Raffensperger is Georgia secretary of state. An previous model misspelled his identify.

  • Markets are anticipated to stay on edge because the Fed meets within the week forward

    Investors at the ground on the NYSE, Jan. 13, 2022.

    Supply: NYSE

    Marketplace turbulence is prone to proceed within the week forward because the Federal Reserve meets and the largest of giant tech —Apple and Microsoft — record income.

    Shares on Friday closed out their worst week since 2020, with giant losses in era and client discretionary names. FANG darling Netflix was once ripped after its Thursday afternoon income, and investors are staring at to look whether or not the similar destiny will take down different giant tech names.

    It was once a painful week on Wall Side road, with the Nasdaq slumping 7.6% for the week, its worst efficiency since March, 2020. The S&P 500 ended the week at 4,397, down 5.7%, and is now 8.7% from its Jan. 4 excessive.

    The Nasdaq has fallen 15.5% from its excessive and is off to its worst begin to the 12 months, during the first 14 buying and selling days, since 2008, in line with FactSet.

    The Federal Reserve’s assembly Tuesday and Wednesday trumps the whole lot else for markets, as buyers look ahead to any new clues on how a lot the central financial institution will carry rates of interest this 12 months and when it’s going to get started. Economists be expecting the Fed to persuade markets to a quarter-percentage-point March price hike.

    There could also be an avalanche of primary income reviews anticipated, together with just about part the Dow 30’s blue chips, similar to 3M, IBM, Intel, Caterpillar and American Specific. The 2 greatest shares in the case of marketplace capitalization, Microsoft and Apple, record Tuesday and Thursday respectively. Tesla reviews Wednesday.

    The economic system may also be a focal point with a primary take a look at fourth-quarter GDP on Thursday, and Friday’s non-public intake expenditures knowledge, which incorporates the Fed’s most well-liked inflation measure.

    Shares might be in for extra unstable buying and selling, after a wild week of seesaw motion led to steep declines in primary indexes. The weakest primary sectors for the week have been client discretionary, off 8.5%, adopted by means of conversation services and products and era, each decrease by means of about 7%.

    Income season has been blended to this point with some high-profile damaging inventory reactions when buyers didn’t like what they heard.

    Netflix inventory cratered Friday, dropping 22% after a disappointing disclosure about subscriber knowledge when it launched income Thursday afternoon. JP Morgan Chase fell sharply per week previous when it reported upper bills and slower buying and selling process.

    “We don’t suppose that the income season is a macro catalyst to ship the indexes considerably in a single course or the opposite. This can be a stock-by-stock tale,” stated Julian Emanuel, leader fairness, derivatives and quantitative strategist at Evercore ISI.

    “The nice reviews usually are rewarded however in a a lot more muted type, while the corporations that leave out on both [revenues or earnings] are going to be disproportionately punished. It isn’t important in case you beat or leave out, however in case you had damaging remark round margins and prices, you will pay a value,” he added.

    Fed forward

    The similar inflation this is appearing up in emerging prices in corporate income and better costs has turn into a big worry for the Fed. Buyers can be listening intently to listen to how anxious the Fed is ready inflation when Chairman Jerome Powell briefs the media Wednesday afternoon after the policymaking Federal Open Marketplace Committee releases its observation.

    The Fed isn’t anticipated to boost rates of interest or exchange coverage at this assembly, nevertheless it might be surroundings the degree for the way it’s going to act when it winds up its bond purchasing program, most likely in March. Many economists be expecting the Fed may just get started elevating its fed finances goal price from near-zero with a quarter-percentage-point hike in March.

    “The baseline is we see 4 hikes and the beginning of quantitative tightening someplace across the heart to later within the 12 months,” Emanuel stated. “I don’t believe the Fed goes to do anything else to speak the marketplace out of that stance.”

    The Fed has additionally stated it would transfer to shrink its steadiness sheet this 12 months, and that may be any other form of coverage tightening, because the central financial institution steps again from changing the maturing securities on its steadiness with marketplace purchases. That might in essence begin to lower the scale of the just about $9 trillion steadiness sheet.

    The Fed has sounded a lot more hawkish, or in prefer of price hikes and different coverage tightening, in particular because it launched its December forecast. Powell isn’t prone to exchange his tone this week, even with shares promoting off, Emanuel stated.

    “If Powell have been going to return off sounding dovish, the presumption could be that may be a good for the marketplace, however we would possibly argue that may now not be,” he stated. “If the marketplace does not truly consider he is going with the four-hike plan, it is very most likely that 10-year yields that have damaged out of the three-year vary by means of going over 1.80%, may just make an excessively fast transfer to two%.”

    He added “enlargement is already backfooted as opposed to price. That might be very destabilizing for the marketplace.”

    The Fed is already thought to be to be at the back of the curve by means of some Fed watchers.

    “The Fed hasn’t ever replied this slowly to an rising inflation chance or even lately is signaling a benign climbing cycle,” wrote Ethan Harris, Financial institution of The usa’s head of worldwide financial analysis. “If they’re mistaken, and inflation settles nearer to a few% than 2%, it’s unhealthy information for each shares and bonds.”

    Bond yields stall

    Bond yields persevered to stair-step upper early previously week however fell go into reverse by means of the top of the week. The generally watched benchmark 10-year Treasury yield touched 1.9% in the midst of the week sooner than slipping again to one.76% Friday.

    Ian Lyngen, BMO head of U.S. charges technique, stated the bond marketplace is pricing in a transfer within the fed finances price to one.75%. He stated the Fed must point out it would push the finances goal upper to ensure that the 10-year to get to two%

    “We predict it’s going to consolidate on this vary till Wednesday,” Lyngen stated. “If the Fed does now not pop out as extra hawkish, then we will see a vintage ‘purchase the rumor, promote the truth,’ and the 10-year yield drifts decrease.” Yields transfer reverse value.

    Tech and enlargement shares had been maximum negatively impacted by means of the transfer upper in charges. The ones shares are valued at the prospect in their long term earnings, and the idea is in an atmosphere of inexpensive cash, valuations can also be upper.

    However because the Fed tightens and inflation continues to flare, many strategists be expecting cyclical and price shares to accomplish higher. For the reason that get started of the 12 months, the era sector is down 11.4%. Power has been the outperformer, and is the one primary sector upper this 12 months, up 12.8%.

    “The Fed’s entire intent of that is to tighten monetary stipulations so in some way, in case you are the Fed what you will have observed within the first 3 weeks of the 12 months you can be completely high-quality with,” Emanuel stated. “I don’ suppose in case you are Powell you are going to check out to speak the marketplace out of the mode that it is lately in. I believe you are lovely proud of how the 12 months has began.”

    Emanuel expects the S&P 500 to finish the 12 months at 5,100. As for the present sell-off, he stated the S&P 500 is most likely to succeed in its 200-day transferring moderate at about 4,425, however there is no make sure that would be the backside of this sell-off.

    Week forward calendar

    Monday

    Income: IBM, Zions Bancorp, Halliburton, Royal Phillips, Metal Dynamics

    9:45 a.m. Production PMI

    945 a.m. Services and products PMI

    Tuesday

    Federal Reserve Open Marketplace Committee assembly starts

    Income: Microsoft, Johnson and Johnson, American Specific, Verizon, 3M, Normal Electrical, Texas Tools, Raytheon Applied sciences, Lockheed Martin, Archer Daniels Midland, Canadian Nationwide Railway, Hawaiian Holdings, Capital One, Paccar, F5 Networks, Boston Homes

    9:00 a.m. S&P/Case-Shiller house costs

    9:00 a.m. FHFA house costs

    10:00 a.m. Shopper self belief

    Wednesday

    Income: Intel, Boeing, AT&T, Tesla, Whirlpool, Normal Dynamics, Anthem, Abbott Labs, , Nasdaq, Levi Strauss, Knight-Swift Transportation, Samsung Electronics, ServiceNow, Xilinx, Seagate Era, Lam Analysis, Teradyne, Raymond James, Flex, SLM, LendingClub

    8:30 a.m. Advance financial signs

    10:00 a.m. New house gross sales

    2:00 p.m. FOMC choice

    2:30 p.m. Briefing with Fed Chairman Ben Bernanke

    Thursday

    Income: Apple, McDonald’s, Visa, Comcast, World Paper, Blackstone, Mastercard, Mondelez, Robinhood, Altria, JetBlue, Deutsche Financial institution, STMicroelectronics, Diageo, Marsh and McLennan, Sherwin-Williams, T. Rowe Value, Ball Corp, Diageo, Nucor, Alaska Air, Tractor Provide, SAP, Dow, Southwest Air, Northrop Grumman, HCA Healthcare, McCormick, Textron, Valero Power, Ethan Allen, KLA Corp, Beazer Properties, Western Virtual, Eastman Chemical, Canadian Pacific Railway, Celanese, Olin, Danaher, Murphy Oil

    8:30 a.m. Preliminary jobless claims

    8:30 a.m. Sturdy items

    8:30 a.m. This fall advance actual GDP

    10:00 a.m. Pending house gross sales

    Friday

    Income: Chevron, Caterpillar, Colgate-Palmolive, Weyerhaeuser, Synchrony Monetary, Constitution Communications, Philips 66, Church & Dwight, Booz Allen Hamilton, LyondellBasell Industries, VF Corp

    8:30 a.m. Non-public source of revenue/spending

    8:30 a.m. This fall Employment price index

    10:00 a.m. Shopper sentiment