Here are the most important news items investors need to start their trading day:
1. Can stock prices continue to rise?
US stocks are on a winning streak. of S&P500 and Dow Jones Industrial Average This marked the sixth consecutive week of positive results. Both indexes closed at record highs on Friday. In addition to the upcoming presidential election, a busy week of earnings will help determine the course of stock prices in the coming days. Follow live market updates.
2. Earnings in transit
A Model Y car is photographed at the opening ceremony of the new Tesla Gigafactory for electric vehicles in Grünheide, Germany on March 22, 2022.
Patrick Pourle | Poole | via Reuters
Earnings season is picking up with about one-fifth of S&P 500 companies scheduled to report earnings this week. As of Friday, S&P’s stock price was up 14%, and profits and sales were up 4% year-over-year. This week, transportation-related stocks will dominate, with the following leading the way. tesla, general motors and boeing. Key reports of note include:
3. The end is in sight
Boeing Co. is expected to report dismal results, in part due to a machinists’ strike that halted aircraft production. The business suspension may end soon. The company and its machinists’ union Workers have reached agreement on a new contract proposal that must be approved in a vote scheduled for Wednesday. The contract includes a 35% raise over four years, a $7,000 increased signing bonus and increased 401(k) contributions. The strike has been going on for more than a month. Boeing, already in crisis after an aircraft door plug exploded earlier this year, said earlier this month it expected to report significant losses and announced it would cut 10% of its workforce.
4. 2024 Stakes
On September 10, 2024, US Vice President Kamala Harris attends the ABC-sponsored presidential debate held in Philadelphia, Pennsylvania, USA, with former US President Donald Trump, the Republican presidential candidate, giving a speech as the Democratic presidential candidate. president.
brian snyder reuter
Election Day in the United States is just over two weeks away. Opinion polls predict a close race between Vice President Kamala Harris and former President Donald Trump in the handful of states that will decide the Electoral College winner. As candidates make their final pitches to voters, CNBC looks at how their platforms will impact consumers and businesses. This weekend, CNBC evaluated how both candidates would handle the issue. Popular and Important Social Security Programs in the United States, as well as Drug Prices, Coverage, and Abortion
5. Carry the torch
File photo: October 20, 2024. Brooklyn, New York, USA. New York Liberty forward Jonquel Jones, 35, lifts the MVP trophy after defeating the Minnesota Lynx in overtime to win the 2024 WNBA Finals at Barclays Center.
Wendell Cruz USA Today Sports, via Reuters
– CNBC’s Sarah Ming, Robert Hamm, Leslie Josephs, Laurie Conish and Annika Kim Constantino contributed to this report.