HAPPY DIWALI
By Staff Reporters
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Happy Diwali! Hindus, Sikhs, Jains, and Buddhists around the world will celebrate India’s “festival of lights” today. In a sign of growing recognition of the festival, New York City announced last week that Diwali will become an official school holiday.
Earnings: If earnings season were a music festival, the headliners are about to come onstage. Corporate titans Amazon, Microsoft, Apple, Alphabet, and Meta are among the ~150 S&P companies that will give financial updates this week.
Economic data: The US economy shrank during the first two quarters of the year. We’ll find out whether it grew again in Q3 when fresh GDP numbers drop on Thursday (it’s expected to have). Plus, the Fed’s preferred measure of inflation will be released on Friday.
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Filed under: Alerts Sign-Up, Investing, LifeStyle | Tagged: DAILY UPDATE: Earnings Season & the Economy, Diwali, earnings, economy, lights |
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Markets: US stocks are coming off their best week since June. As a result of this year’s market rout, individual investors’ portfolios have tumbled 44% from the beginning of January through October 18th.
ANGUS
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