The week ahead: Tesla, Meta and Netflix earnings, flash PMIs and a quiet Fed
What to watch from Monday, October 19 through Friday, October 23: earnings, economic reports and other scheduled events. The Fed goes quiet ahead of its October 28 meeting.
A packed earnings week, Friday's first look at October business activity and a silent Federal Reserve fill the week of Monday, October 19 through Friday, October 23. Here is what is scheduled, day by day. All times are Eastern.
Where things stand going in
Stocks fell Friday to close a losing week for the S&P 500 and Nasdaq. The S&P 500 ended at 7,659.44, down 1.09% on the day and 1.95% on the week, its worst week since June. The Nasdaq Composite fell 2.15% to 26,140.03 and lost 4.48% on the week. The Dow Jones Industrial Average slipped 0.34% to 52,002.41 but gained 0.67% on the week. See our Friday Dusk Ledger and our story on the Nasdaq's slide and the oil jump. Oil remains in focus: US crude settled Friday at $101.41 a barrel and Brent at $109.86 after attacks near the Strait of Hormuz (our oil story).
The Federal Reserve will be quiet. Trading Economics reports Fed officials have entered the blackout period ahead of the next policy meeting on October 28, leaving no major appearances on the calendar; the Fed's own published October schedule lists no speeches or appearances after October 15.
Monday, October 19
| Time (ET) | Event |
|---|---|
| 10:00 AM | NAHB Housing Market Index for October. Trading Economics expects the index to edge lower. |
| Morning | Canada's September consumer price index. Trading Economics expects a 0.2% monthly rise, rebounding from a 0.1% decline, with annual core inflation steady at 2.6%. China reports third-quarter GDP and September activity data. Trading Economics expects GDP growth of 4.4% over 12 months, up from 4.3% in the second quarter. |
| Before the open | Cleveland-Cliffs earnings. |
| After the close | Steel Dynamics and Zions Bancorp report (per eOption). |
Tuesday, October 20
| Time (ET) | Event |
|---|---|
| 8:15 AM | ADP weekly employment change (per Newsquawk). |
| 8:30 AM | September housing starts and building permits. Trading Economics expects permits to have held steady at an annualized 1.40 million and starts to have risen to 1.30 million. |
| 10:00 AM | September pending home sales. Trading Economics expects a flat reading after a 0.3% rise in August. |
| 4:30 PM | API weekly oil inventory data (per eOption). Oil inventories draw extra attention with US crude above $100. |
| Before the open | GE Aerospace, General Motors, 3M, RTX, Northrop Grumman, Hasbro and Halliburton report. |
| After the close | Netflix, United Airlines and Chubb report. Capital One also reports (per eOption). |
Wednesday, October 21
| Time (ET) | Event |
|---|---|
| 7:00 AM | MBA weekly mortgage applications (per eOption). |
| 10:30 AM | Weekly Energy Department oil inventory data (per eOption). |
| 1:00 PM | The Treasury sells $13 billion in 20-year bonds (per eOption). |
| Morning (UK) | UK September inflation. Trading Economics expects 3.4% over 12 months, the highest in nine months, with core at 2.7%. |
| Before the open | Abbott Laboratories, AT&T, NextEra Energy, CME Group, Philip Morris and Thermo Fisher report. |
| After the close | Tesla, IBM, Meta and Texas Instruments report, along with SAP. Lam Research and CSX also report (per eOption). This is the week's biggest earnings evening, with two megacap tech names reporting days after the AI-stock selloff. |
Thursday, October 22
| Time (ET) | Event |
|---|---|
| 8:30 AM | Weekly jobless claims. |
| 10:00 AM | The Conference Board's Leading Economic Index for September. |
| 11:00 AM | Kansas City Fed manufacturing index for October. |
| Before the open | Procter & Gamble, Honeywell, Lockheed Martin, Comcast, American Airlines, Blackstone, Valero Energy and Union Pacific report. |
| After the close | Newmont and Deckers Outdoor report (per eOption). |
Friday, October 23
| Time (ET) | Event |
|---|---|
| 9:45 AM | Flash S&P Global purchasing managers indexes for October: manufacturing, services and composite. Trading Economics expects both manufacturing and services activity to slow, though growth is likely to remain solid. This is the first broad read on how the economy is doing this month. |
| 10:00 AM | Final October University of Michigan consumer sentiment and inflation-expectations readings. |
| 1:00 PM | Baker Hughes weekly rig count (per eOption). |
| Before the open | American Express and SLB (Schlumberger) report. SLB's results land with oil above $100 a barrel. |
What to watch
Can tech earnings steady the AI trade? Meta, Tesla, IBM and Texas Instruments report Wednesday evening, less than a week after AI stocks dragged the Nasdaq to its worst week in months. See our story.
Oil above $100. Tuesday's API and Wednesday's official inventory reports will be read against the supply fears that pushed US crude past $100. See our oil story.
Housing's big morning. Starts, permits and pending home sales all land Tuesday.
A quiet Fed. With officials in their blackout period, the data and earnings do the talking ahead of the October 28 decision (per Trading Economics).
Friday's flash PMIs. The first snapshot of October business activity closes the week.
Company and agency schedules can change, so check the source before you act.
