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Next earnings wave starts mid-October as markets await PCE and jobs
Investors will also get the PCE inflation reading on Sept. 30 and the September jobs report on Oct. 2, both flagged as potential market movers.
Markets saw another volatile week as headlines around oil, bond rates, and artificial intelligence continued to dominate investor attention, according to MarketBeat Ratings.
The roundup notes that oil is moving lower, but a key question for traders is how demand for oil and natural gas holds up, while the reported 10-year Treasury rate above 5% is described as a headwind for stocks.
MarketBeat Ratings says the next round of earnings is not expected to begin until mid-October, with stocks likely to swing on headlines rather than fundamentals until then, even as earnings are still viewed as the main driver for the quarter ending.
Looking ahead, the outlet points to the Personal Consumption Expenditures (PCE) index on Sept. 30 and the September Jobs report on Oct. 2 as the next two potentially market-moving data releases.
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