Economic data: PCE price index, monthly, September (+0.5% expected, +0.3% previously); Core PCE price index, month-on-month, September (+0.3% expected, +0.2% previously); PCE price index, year-on-year, September (+3.6% expected, +3.4% previously); Core PCE price index, year-on-year, September (+3.1% expected, +3% previously); Personal income, September (+0.3% expected, +0.2% previously); Personal spending, September (+0.6% expected, +0.9% previously); Real personal spending, September (+0.1% expected, +0.6% previously); Initial unemployment claims, week ended October 24 (199,000 expected, 194,000 previously); Continuing claims, week ended October 17 (previously 1.782 million); Annualized GDP, quarterly, third quarter annualized (+3.2% expected, +2.2% previously)
Earnings schedule: Amazon.com (AMZN), Eli Lilly (LLY), Mastercard (MA), Intel (INTC), Merck (MRK), Caterpillar (CAT), Shell (SHEL), Linde (LIN), TotalEnergies (TTE), Gilead Sciences (GILD), Sandisk (SNDK), Anheuser-Busch inBev (BUD), Bristol-Myers Squibb (BMY), Altria Group (MO), Stryker Corporation (SYK), Starbucks (SBUX), Trane Technologies (TT), Howmet Aerospace (HWM), Digital Realty Trust (DLR), Strategy (MSTR), Cheniere Energy (LNG), Cenovus Energy (CVE), Monolithic Power Systems (MPWR), Vale SA (VALE), Ambev SA (ABEV),
Catch up on some news you may have missed overnight:
Intel to report third quarter results as chip stocks continue to rebound
Google is betting on AI search ads to revive slowing advertising growth
Samsung continues to break profit records as AI boom increases chip demand
Asian stocks fall as Alphabet results miss, send Wall Street futures lower
Cash is king as investors draw new battle lines against AI spending boom
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