Key Takeaways
- Bond markets are closed for the Veterans Day holiday on Monday.
- Several Fed officials are set to speak this week, with Chair Jerome Powell’s comments coming on Thursday and remarks from other officials throughout the week.
- Market watchers will get October inflation information in Wednesday’s release of the Consumer Price Index, while retail sales and wholesale inflation data is also coming.
- Home Depot, Walt Disney, and Cisco are among the first scheduled to issue quarterly financial results this week.
The week begins with the Veterans Day holiday, where bond markets will be closed while stock markets will remain open. Following that, investors will get updated perspectives on the health of the U.S. economy from the remarks of several Fed officials. Chair Jerome Powell will deliver an economics-focused speech on Thursday, while Minneapolis Fed President Neel Kashkari and St. Louis Fed President Alberto Musalem are also scheduled to make remarks.
Investors will get updated inflation data for October with the Wednesday release of the Consumer Price Index (CPI), with reports on wholesale-level inflation and retail sales also coming.
Corporate earnings reports this week include Home Depot (HD), AstraZeneca (AZN), Cisco (CSCO) and Walt Disney (DIS). Bitcoin miner MARA Holdings (MARA) and nuclear power startup Oklo (OKLO) are also scheduled to release financial updates.
Monday, Nov. 11
- Bond markets closed for the Veterans Day holiday
- Monday.com (MNDY) and Aramark (ARMK)report earnings
Tuesday, Nov. 12
- NFIB Small Business Optimism Index (October)
- Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS)
- Minneapolis Fed President Neel Kashkari and Philadelphia Fed President Patrick Harker deliver remarks
- Home Depot (HD), AstraZeneca (AZN), Shopify (SHOP), Spotify (SPOT), Suncor Energy (SU), Occidental Petroleum (OXY), and MARA Holdings (MARA) report earnings
Wednesday, Nov. 13
- Consumer Price Index (October)
- Monthly federal budget (October)
- Dallas Fed President Lorie Logan, Kansas City Fed President Jeffrey Schmid, and St. Louis Fed President Alberto Musalem deliver remarks
- Cisco (CSCO) and Tower Semiconductor (TSEM) report earnings
Thursday, Nov. 14
- Initial jobless claims (Week ending Nov. 9)
- Producer Price Index (October)
- Federal Reserve Chair Jerome Powell and New York Fed President John Williams deliver remarks
- Walt Disney (DIS), Applied Materials (AMAT), JD.com (JD), and Oklo (OKLO) report earnings
Friday, Nov. 15
- Import/export price index (October)
- U.S. retail sales (October)
- Empire State Manufacturing Survey (November)
- Industrial production/capacity utilization (October)
- Business inventories (September)
- Alibaba (BABA) and Spectrum Brands (SPB) report earnings
Market Participants Watching CPI Inflation, Powell Comments, Retail Sales This Week
The week begins with the Veterans Day holiday on Monday, a federal holiday where bond markets will be closed, but major stock markets will remain open.
After last week’s Federal Reserve decision to cut interest rates, investors will have the opportunity to get more perspective on the economy as several Fed officials will deliver remarks throughout the week.
Headlining the list is Federal Reserve Chair Jerome Powell, who on Thursday will give remarks about the economy in an event at the Dallas Regional Chamber. Minneapolis Fed President Neel Kashkari and St. Louis Fed President Alberto Musalem are also likely to make comments about the economy at events this week, while Dallas Fed President Lorie Logan, Kansas City Fed President Jeffrey Schmid, and Philadelphia Fed President Patrick Harker are also slated to speak.
Market watchers will get another key inflation measurement this week with the Wednesday release of October CPI. Following a September report where the inflation rate was unexpectedly high at 2.4%, the latest print of the economic indicator will show whether price pressures continued to move closer to the Fed’s target of 2%. The following day, the Producer Price Index (PPI) will show how inflation is impacting wholesalers.
Economists will be watching the Friday release of October U.S. retail sales to see if consumers continue to perform above expectations. Retail sales in September increased by 0.4%, with economists pointing to the growth as evidence that third-quarter U.S. Gross Domestic Product (GDP) could come in stronger than previous forecasts.
Investors Look to Earnings from Home Depot, Cisco, Disney
Several noteworthy retailers, drugmakers, and tech firms are on the corporate earnings calendar this week.
Home improvement retailer Home Depot will report its third-quarter earnings on Tuesday, coming after it projected a larger full-year decrease in comparable store sales on weakening consumer trends.
British drugmaker AstraZeneca will also deliver its financials on Tuesday as the company continues to work to develop a breast cancer treatment after its most recent trials produced disappointing results.
Network infrastructure manufacturer Cisco will report its 2025 fiscal first-quarter results on Wednesday, the first since it announced a 7% cut in its workforce along with earnings that showed declines in both revenue and earnings.
On Thursday, Walt Disney will look to build on the profit it reported for its streaming service after it posted better-than-expected results in the prior quarter, despite demand at its theme parks business trending lower.
Chinese e-commerce giant Alibaba Group will report on Friday as it comes off of a three-year government antitrust probe, helping boost the company’s share price since then. Alibaba’s report follows a disappointing quarter where its revenue fell short of expectations and its profit fell. JD.com, another Chinese online retailer, will issue its quarterly financial report on Thursday.
Bitcoin miner MARA Holdings will report its earnings on Tuesday, coming after it raised $250 million to buy more of the digital currency to add to its balance sheet of more than 20,000 bitcoin.
