Busy week ahead

We have a very busy week ahead, with lots of earnings announcements and other reports.  The NASDAQ Composite index is flirting with the 3,000 level.  If the index trades below that level and especially if it closes below 3,000, that would add yet another negative technical indicator to the weight of negatives for stocks.  With only two weeks until the Presidential elections, and the latest polls showing Obama and Romney tied at 47%, it’s anyone’s guess as to who will win.  The implications for financial markets are significant.  Here is a list of this week’s important events:

MONDAY: Final Presidential Debate; Earnings from Texas Instruments, Yahoo
TUESDAY: Richmond Fed manufacturing index, 2-yr note auction, FOMC meeting begins, Apple event; Earnings from DuPont, 3M, United Technologies, UPS, Coach, Xerox, Amgen, Facebook, Netflix, Gilead Sciences
WEDNESDAY: Weekly mortgage apps, new home sales, FHFA home price index, oil inventories, 5-yr note auction, FOMC mtg announcement; Earnings from AT&T, Boeing, Bristol-Myers, Delta, Eli Lilly, Akamai, Symantec, Zynga
THURSDAY: Durable goods orders, jobless claims, Chicago Fed nat’l activity index, pending home sales, Kansas City Fed survey; Earnings from Altria, AstraZeneca, ConocoPhillips, P&G, Aetna, AutoNation, Credit Suisse, Dow Chemical, Pulte, Sprint, United Continental, Apple, Amazon.com, Coinstar
FRIDAY: GDP, consumer sentiment, Windows 8 released; Earnings from Comcast, Merck

 

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