US stocks ended lower on Wednesday, with the Nasdaq Composite falling on a decline of around 90 points Amazon.com, Inc. AMZN shares.
Let’s take a look at the major economic events scheduled for today.
- Initial jobless claims data for the last week is released at 7:00 am ET. For the week of October 15, 235,000 jobless claims are expected, compared to 228,000 the previous week.
- The Philadelphia Fed Manufacturing Index for October is scheduled for release at 8:30 am ET. The Philadelphia Fed manufacturing index is expected to improve slightly to minus 5.0 in October from a previous reading of minus 9.9.
- Existing Home Sales data for September will be released at 10:00 am ET. Analysts expect existing home sales to contract to an annualized rate of 4.695 million in September from 4.800 million in the previous month.
- The Index of Leading Economic Indicators for September is scheduled to be released at 10:00 am ET. Analysts expect the index to fall 0.3% mom in September.
- The Energy Information Administration’s weekly report on natural gas inventories in underground storage is scheduled for release at 10:30 am ET.
- The Treasury will auction 4- and 8-week bills at 11:30 am ET.
- Philadelphia Fed President Patrick Harker will speak at 12:00 p.m. ET.
- Federal Reserve Governor Philip Jefferson will speak at 1:30 p.m. ET.
- Federal Reserve Governor Lisa Cook will speak at 1:45 p.m. ET.
- Federal Reserve Governor Michelle Bowman will speak at 2:05 p.m. ET.
Market volatility increases when the Dow falls 100 points
Check out ours premarket coverage here
