The earnings season is underway, with various companies reporting their financial results.
Major players such as General Electric, General Motors, and Tesla are among those scheduled to disclose their earnings this week.
The stock market has been performing well, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all showing positive trends.
So far, 71 companies from the S&P 500 have reported their earnings, revealing a 4% increase compared to the same quarter last year.
Analysts anticipate a growth rate of 5%-7% for the current quarter and a high single-digit growth for the full year.
Sectors expected to perform well include Information Technology, Communication Services, and Healthcare.
In addition to earnings reports, key economic indicators such as Existing Home Sales, Durable Goods, and Consumer Sentiment will be released this week.
Retail Sales data for September exceeded expectations, and the GDP forecast for the third quarter is optimistic.
The upcoming week is packed with critical economic reports, including the October jobs report and the inflation indicator PCE.
The Federal Reserve's next rate decisions are scheduled for November 7 and December 18, with a high likelihood of a rate cut in November.