The rally marked the third consecutive weekly gain, supported by cooler September inflation that likely clears the way for a rate cut at the October 29 FOMC meeting. With inflation slowing and labor data delayed by the government shutdown, the Fed’s focus has shifted toward stabilizing growth and employment.
Investors will now turn attention to a packed earnings calendar and a critical week for monetary policy. Over half of S&P 500 companies are set to report results, including tech heavyweights Microsoft, Alphabet, Amazon, and Apple. Management commentary on AI spending, consumer demand, and capital expenditure will guide near-term sentiment.
Markets continue to “climb the wall of worry,” balancing solid earnings with trade and tariff concerns. With valuations at cycle highs, earnings strength and Fed policy will determine whether the bull market — now in its third year — extends further into 2026.
Economic Releases & Notable Earnings
Monday, Oct 27
Before the Open:
• Bank of Hawaii (BOH), est. $1.17
• Carter’s (CRI), est. $0.73
• Keurig Dr Pepper (KDP), est. $0.54
• Revvity (RVTY), est. $1.14
Economic Releases:
• No releases scheduled
After the Close:
• Waste Management (WM), est. $2.02
Tuesday, Oct 28
Before the Open:
• A.O. Smith (AOS), est. $0.91
• UPS (UPS), est. $1.30
• UnitedHealth (UNH), est. $2.79
Economic Releases:
• 13:00 GMT – S&P/CS Composite-20 HPI y/y, forecast 1.9% (prior 1.8%)
• 14:00 GMT – CB Consumer Confidence, forecast 93.9 (prior 94.2)
After the Close:
• Alphabet (GOOGL), est. $2.28
• Visa (V), est. $2.97
• Amkor (AMKR), est. $0.43
Wednesday, Oct 29
Before the Open:
• Boeing (BA), est. –$5.16
• Caterpillar (CAT), est. $4.53
• CVS Health (CVS), est. $1.37
Economic Releases:
• 18:00 GMT – FOMC Rate Decision, forecast 4.00% (prior 4.25%)
• 18:30 GMT – Fed Press Conference
After the Close:
• Microsoft (MSFT), est. $3.66
• Meta Platforms (META), est. $6.72
• Agnico Eagle Mines (AEM), est. $1.95