Markets look ahead to inflation data and bank earnings
Investors are watching this week's consumer price and producer price reports, along with third-quarter bank results, to gauge the market's direction.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Ahead of a week packed with economic data, US stocks advanced and the Dow Jones closed at 51,654.95. Investors are focused on September consumer price figures, producer price data, retail sales and third-quarter bank earnings. Oil prices slipped and US stock futures rose as earnings season approached.
Why it matters
The reports are expected to shape Federal Reserve rate expectations and the outlook for the market, and inflation is also expected to be a major topic in the upcoming US midterm elections.
Timeline
- Oct 11, 3:20 PM ET: The Dow Jones closed at 51,654.95 as US stocks advanced.
- Oct 11, 9:25 PM ET: US stock futures rose as oil prices declined, with third-quarter earnings on the agenda.
- Oct 12, 4:19 PM ET: Analysts said close attention would be paid to CPI and PPI data, bank earnings and the bond market.
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