41 minutes ago
30% of S&P 500 companies will report earnings this week
Investors are bracing for the busiest week of earnings season, with 30% of companies in the S&P 500 expected to release reports.
Tech titans Alphabet and Microsoft are expected to report results after the bell on Tuesday. Meta is scheduled to report on Wednesday, Amazon on Thursday.
Three major industrial companies are also reporting, starting on Tuesday with 3M and General Electric. Boeing is scheduled to follow suit before the bell on Wednesday.
With General Motors reporting on Tuesday and Ford on Thursday, investors will also be assessing the economic impact of the United Auto Worker strikes.
—Lisa Kailai Han, Robert Hum
An hour ago
Stock futures open higher
6 hours ago
Gulf markets are falling on concerns about ongoing conflict in the region and interest rate hikes in the US
Gulf stock markets fell on Sunday amid concerns about an escalation of the Israel-Hamas war and further interest rate hikes by the US Federal Reserve.
- Saudi Arabia’s benchmark index was in the red for the third consecutive day, ending October 22 down 1.5%. Al Rajhi Bank, a Saudi Arabian bank that is the world’s largest Islamic bank by capital, fell 2.1%.
- The Qatar index extended its five-day losing streak to close 0.9% lower, with Industries Qatar falling 2.2% and Qatar Navigation slipping 3%. Qatar National Bank fell 2.1%.
- The Dubai Financial Market General Index, Dubai’s main stock index, fell 1.5%.
- Outside the Gulf, Egypt’s blue-chip index rose 2.4%.
Monetary policy in the Gulf Cooperation Council is generally based on the Federal Reserve’s policy, as most regional currencies are pegged to the US dollar. The Gulf Cooperation Council (GCC) has six members: Qatar, Bahrain, Oman, Kuwait, Saudi Arabia and the United Arab Emirates.
—Pia Singh