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As the day draws to a close, Julie Hyman and Josh Lipton break down the top events to watch for Friday, Oct. 11.
Third-quarter earnings season kicks off with major banks reporting their quarterly results. JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of New York Mellon (BK) are among the financial institutions set to release. Additionally, asset management giant BlackRock (BLK) and insurance company Progressive (PGR) will also report.
Investors will be tuning in to hear commentary from key Federal Reserve officials. Chicago Fed President Austan Goolsbee, Dallas Fed President Lorie Logan, and Fed Governor Michelle Bowman are all scheduled to speak. Markets will be watching closely for any insights into the Fed's potential outlook on the rate-cutting cycle.
Economic data will also be in the spotlight with the Producer Price Index (PPI) to be released.
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This post was written by Angel Smith