Jobs report, Tesla meeting, top Facebook whistleblower next week



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September’s monthly jobs report is just one of many developments on investor radar next week.

This, as stocks posted solid gains in early October and the fourth quarter. On Friday, the Dow Jones Industrial Average rose 483 points, or 1.4%, while the S&P 500 index and the Nasdaq Composite jumped 1.1% and 0.8% respectively. Still, all three posted losses for the week.

Teleprinter Security Last Switch Switch %
Me: DJI MEDIUM DOW JONES 34326.46 +482.54 +1.43%
SP500 S&P 500 4357.04 +49.50 + 1.15%
I: COMP NASDAQ COMPOSITE INDEX 14566.697104 +118.12 + 0.82%

FOX Business takes a look at upcoming events that are likely to move Financial markets in the coming days.

Monday 04/10

Economic data week will kick off with factory orders.

Teleprinter Security Last Switch Switch %
USE UNITED STATES PETROLEUM FUND LP 53.26 +0.70 +1.33%

OPEC ministers are also expected to finalize compliance figures on oil production cuts. In September, OPEC + agreed to increase its production targets by 400,000 barrels per day in October.

Teleprinter Security Last Switch Switch %
WMT WALMART, INC. 137.05 -2.33 -1.67%

Additionally, Walmart will begin requiring that all U.S. employees above store and club level, such as regional managers and company employees, be fully immunized.

Tuesday 05/10

On Tuesday, PepsiCo will be the stock to watch with earnings before the market opens.

Teleprinter Security Last Switch Switch %
DYNAMISM PEPSICO, INC. 150.95 +0.54 + 0.36%

Meanwhile, the trade deficit, the final reading of the Markit services PMI and the ISM services index will be on the economic data agenda.

Teleprinter Security Last Switch Switch %
MSFT MICROSOFT CORP. 289.10 +7.18 + 2.55%

Also on Tuesday, Microsoft will roll out its highly anticipated software update, Windows 11 in what is expected to be a key revenue generator for the tech giant.

Teleprinter Security Last Switch Switch %
FB FACEBOOK, INC. 343.01 +3.62 +1.07%

In addition, a Facebook whistleblower is expected to appear at a hearing on the detrimental impact of the tech giant’s platforms on young people. The Trade, Science and Transportation Subcommittee on Consumer Protection, Product Safety and Data Security will host the testimony.

Wednesday 10/6

On Wednesday, investors will receive profits from Constellation Brands before the market opens and Levi Strauss & Co. after the bell.

Teleprinter Security Last Switch Switch %
STZ CONSTELLATION BRANDS, INC. 213.48 +2.79 +1.32%
LEVI LEVI STRAUSS & CO. 25.00 +0.49 + 2.00%

However, the main event will be ADP’s employment report for September.

Thursday 10/7

Conagra Brands and Tilray will close the week before the market opens.

Teleprinter Security Last Switch Switch %
CAG CONAGRA BRANDS, INC. 33.70 -0.17 -0.50%
TLRAY n / A n / A n / A n / A

When it comes to economic data, Wall Street will be monitoring initial and continuing jobless claims and consumer credit.

Launch of Tesla Palid (You’re here)

Teleprinter Security Last Switch Switch %
TSLA TESLA, INC. 775.22 -0.26 -0.03%

It will also be a big day for Tesla, as the electric vehicle maker will hold its annual meeting at its Austin, Texas, Gigafactory at 5:30 p.m. EST. A live webcast of the meeting will be available to the public here and the meeting agenda can be viewed here.

Friday 08/10

The end of the week for Friday’s economic data will be the September jobs report.

It also marks the end of Robert Kaplan’s tenure as President and CEO of the Federal Reserve Bank of Dallas. In a statement, Kaplan said it had been her “great honor” to hold this position for the past six years and to work with “the extremely talented professionals of the Bank who are helping to build a stronger economy for all. communities of the Eleventh District and our nation. “

jerome powell robert kaplan rosengren

Kaplan and Boston Fed chief Eric Rosengren were recently criticized after financial reports revealed the pair had made large stock trades last year, drawing the attention of critics who said the Rules needed to be tightened regarding the assets that Fed officials can hold. Following the news, Rosengren, who spent 35 years at the Boston Fed, including 14 years as chairman, announced he would take early retirement for health reasons at the end of September.

“During my tenure, I adhered to all of the Federal Reserve’s ethical standards and policies,” Kaplan said. “My securities investment activities and information complied with the Bank’s compliance rules and standards. “

Federal Reserve Chairman Jerome Powell has vowed the agency will make changes in the wake of the backlash.

“We fully understand that the trust of the American people is essential for us to be able to carry out our mission, and that is why I have asked the Fed to begin a full review of the ethics rules regarding assets and activities. financial authorities authorized by Fed officials, “he told a press conference after the Fed meeting concluded in September.

In addition, Friday marks the deadline for creators of Six Special Purpose Acquisition Companies, or SPACs, to respond to a letter from Senate Democrats seeking information relating to concerns about “misaligned incentives” with investors.

The creators include VectoIQ CEO Stephen Girsky, Fertitta Entertainment CEO Tilman Fertitta, Mr. Klein & Associates founder Michael Klein, Cantor Fitzgerald CEO Howard Lutnick, DiamondHead Holdings Corporation CEO David Hamamoto and co- founder and CEO of The Social + Capital Partnership Chamath. Palihapitiya.

Teleprinter Security Last Switch Switch %
VTIQ VECTOIQ ACQUISITION CORP. II 9.75 +0.04 + 0.41%
DHHC DIAMONDHEAD HOLDINGS CORP. 9.76 +0.04 + 0.41%

The information requested by the senators includes the PSPCs in which the creators are involved, their relations with shell companies, their communications with investors and any financial issues related to PSPCs.

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