What to see in the markets this week

After a hectic week full of major earnings reports, an AI summit, robotaxis and key inflation data, next week will be shorter but still significant.

Here is the schedule for next week.

Is the stock market closed on Columbus Day?

No, the New York Stock Exchange (ICE) and Nasdaq (NDAQ) will remain open Monday for Columbus Day, also known as Indigenous Peoples Day.

But the bond markets will be closed.

Big bank gains

Several major banks and financial institutions release their quarterly earnings, providing valuable insight into their performance and broader economic trends. Goldman Sachs ( GS ), Bank of America ( BAC ) and Citigroup ( C ) will start the week with their earnings reports on Tuesday, shedding light on how these financial giants have navigated recent market volatility.

Discover Financial Services (DFS) and Citizens Financial Group (CFG) will reveal their financial health on Wednesday, offering a closer look at consumer credit trends and regional bank performance. On Thursday, earnings from Morgan Stanley ( MS ), Blackstone ( BX ) and M&T Bank Corporation ( MTB ) will follow, reporting on the investment banking, private equity and regional banking sectors. Finally, the week closes on Friday with American Express (AXP) reporting earnings.

Netflix and other major income

On Tuesday, Johnson & Johnson ( JNJ ), UnitedHealth Group ( UNH ) and Walgreens ( WBA ) will release their earnings reports before the opening bell, providing insight into the health care and insurance sectors. On Thursday, the focus is on technology and travel as Taiwan Semiconductor Manufacturing Company ( TSM ), Netflix ( NFLX ), American Airlines ( AAL ) and Alaska Airlines ( ALK ) will release their financial reports.

Macroeconomic data to watch

While this week won’t bring any blockbuster macroeconomic reports, several key indicators will still provide valuable insight into the health of the US economy. September’s import price index, which provides insight into inflationary pressures on imported goods, will be released on Wednesday.

On Thursday, initial jobless claims will provide an updated snapshot of the US labor market. The release of US retail sales data will shed light on consumer spending patterns, a key driver of economic growth. Industrial production data will provide information on production and factory activity across the country. In addition, homebuilder confidence for October will measure the health of the housing market, providing insight into construction activity and the broader housing sector.

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