Today's Stock Market News & Events: 10/28/2022 - Schaeffer's Investment Research (2024)

Todayanother deluge of economic data will be out including the employment cost index, the PCE price index, the core PCE price index, real disposable income and real consumer spending data, and the pending home sales index. The University of Michigan consumer sentiment index and 5-year inflation expectations are due out today as well.

The following public companies are slated to release corporate earnings today, October 28:

AbbVie Inc. (NYSE:ABBV -- $153.50) discovers, develops, manufactures, and sells pharmaceuticals in the worldwide. AbbVie will report its Q3 earnings of 2022 before the bell today.

AllianceBernstein Holding L.P. (NYSE:AB -- $35.51) is a publicly owned investment manager. AllianceBernstein will report its Q3 earnings of 2022 before the bell today.

Aon plc (NYSE:AON -- $282.32) provides advice and solutions to clients focused on risk, retirement, and health worldwide. Aon will report its Q3 earnings of 2022 before the bell today.

Avantor Inc. (NYSE:AVTR -- $20.54) provides products and services to customers in biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. Avantor will report its Q3 earnings of 2022 before the bell today.

Bloomin' Brands Inc. (NASDAQ:BLMN -- $22.55) owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. Bloomin' Brands will report its Q3 earnings of 2022 before the bell today.

Booz Allen Hamilton Holding Corp. (NYSE:BAH -- $103.61) provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. Booz Allen Hamilton will report its Q3 earnings of 2022 before the bell today.

Carter's Inc. (NYSE:CRI -- $73.56) designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. Carter's will report its Q3 earnings of 2022 before the bell today.

First Hawaiian Inc. (NASDAQ:FHB -- $25.80) operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. First Hawaiian will report its Q3 earnings of 2022 before the bell today.

Fortis Inc. (NYSE:FTS -- $38.47) operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. Fortis will report its Q3 earnings of 2022 before the bell today.

Gentex Corp. (NASDAQ:GNTX -- $25.63) designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. Gentex will report its Q3 earnings of 2022 before the bell today.

W.W. Grainger Inc. (NYSE:GWW -- $537.67) distributes maintenance, repair, and operating (MRO) products and services in the United States, Japan, Canada, the United Kingdom, and internationally. Grainger will report its Q3 earnings of 2022 before the bell today.

Imperial Oil Ltd. (NYSE:IMO -- $49.80) engages in exploration, production, and sale of crude oil and natural gas in Canada. Imperial Oil will report its Q3 earnings of 2022 before the bell today.

JinkoSolar Holding Co. Ltd. (NYSE:JKS -- $47.85) engages in the design, development, production, and marketing of photovoltaic products. JinkoSolar will report its Q3 earnings of 2022 before the bell today.

LyondellBasell Industries N.V. (NYSE:LYB -- $82.51) operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. LyondellBasell will report its Q3 earnings of 2022 before the bell today.

Newell Brands Inc. (NASDAQ:NWL -- $15.67) designs, manufactures, sources, and distributes consumer and commercial products worldwide. Newell Brands will report its Q3 earnings of 2022 before the bell today.

Newmark Group Inc. (NASDAQ:NMRK -- $9.34) provides commercial real estate services in the United States and internationally. Newmark Group will report its Q3 earnings of 2022 before the bell today.

NextEra Energy Inc. (NYSE:NEE -- $75.47) generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. NextEra Energy will report its Q3 earnings of 2022 before the bell today.

NextEra Energy Partners LP (NYSE:NEP -- $74.27) acquires, owns, and manages contracted clean energy projects in the United States. NextEra Energy Partners will report its Q3 earnings of 2022 before the bell today.

nVent Electric plc (NYSE:NVT -- $34.25) designs, manufactures, markets, installs, and services electrical connection and protection products worldwide. nVent Electric will report its Q3 earnings of 2022 before the bell today.

Piper Sandler Co. (NYSE:PIPR -- $122.44) operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. Piper Sandler will report its Q3 earnings of 2022 before the bell today.

Provident Financial Services Inc. (NYSE:PFS -- $20.95) operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Provident Financial will report its Q3 earnings of 2022 before the bell today.

Sanofi (NASDAQ:SNY -- $41.58) engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally. Sanofi will report its Q3 earnings of 2022 before the bell today.

Standard Motor Products Inc. (NYSE:SMP -- $37.02) manufactures and distributes replacement parts that are used in the maintenance, repair, and service of vehicles in the automotive aftermarket industry with a complementary focus on specialized original equipment parts for manufacturers across agriculture, heavy duty, and construction equipment industries. Standard Motor will report its Q3 earnings of 2022 before the bell today.

U.S. Silica Holdings Inc. (NYSE:SLCA -- $14.05) produces and sells commercial silica in the United States. U.S. Silica will report its Q3 earnings of 2022 before the bell today.

WisdomTree Investments Inc. (NASDAQ:WETF -- $5.35) operates as an exchange-traded funds (ETFs) sponsor and asset manager. WisdomTree will report its Q3 earnings of 2022 before the bell today.

Looking ahead to next week,Wall Street will be in the thick of things, with names likeAirbnb(ABNB), Barrick (GOLD),Clorox(CLX),Crocs(CROX),CVS Health(CVS), DoorDash (DASH),Dropbox(DBX), eBay (EBAY), Etsy (ETSY),Eli Lilly(LLY),Hershey Foods(HSY),Hostess Brands(TWNK),Kellogg(K), PayPal (PYPL), Pfizer (PFE),Starbucks(SBUX),Sunrun(RUN),Wayfair(W), YUM! Brands (YUM), andZillow(ZG) set to report.

The S&P U.S. manufacturing purchasing managers' index (PMI) and the ISM manufacturing index are due out early in the week, giving traders another look into the health of the U.S. economy. There's plenty of employment data due out, too, including the ADP employment report, jobs openings, and nonfarm payrolls. There will be a big Fed update on Wednesday, with the Federal Open Market Committee (FOMC) making their latest announcement.

Today's Stock Market News & Events: 10/28/2022 - Schaeffer's Investment Research (2024)

FAQs

How current events affect the stock market? ›

Global events can induce uncertainties or speculation among investors, leading to increased volatility. Events such as economic sanctions, geopolitical conflicts, or major political changes can cause investors to react quickly, impacting stock prices and market stability.

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What kind of current events affect the value of the stock market the most? ›

News related to a specific company, such as the release of a company's earnings report, can also influence the price of a stock (particularly if the company is posting after a bad quarter). In general, strong earnings generally result in the stock price moving up (and vice versa).

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How has the stock market done in 2022? ›

The 2022 stock market decline was an economic event involving a decline in stock markets globally. The decline was the worst for American stock indices since 2008, ending three years of gains. In February 2022, the Russian invasion of Ukraine caused a sell-off across many financial markets throughout the world.

What really drives stock prices? ›

Stock prices change everyday by market forces. By this we mean that share prices change because of supply and demand. If more people want to buy a stock (demand) than sell it (supply), then the price moves up.

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Who benefits from high interest rates? ›

With profit margins that actually expand as rates climb, entities like banks, insurance companies, brokerage firms, and money managers generally benefit from higher interest rates. Central bank monetary policies and the Fed's reserver ratio requirements also impact banking sector performance.

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How can I protect my investments from market volatility? ›

Protecting your investments during volatile markets necessitates diversification, regular portfolio reviews, a long-term perspective, assessing risk tolerance, selecting quality investments, avoiding emotional decisions, utilizing stop-loss orders, and seeking professional advice; these strategies collectively empower ...

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Should you pull your money out of the stock market? ›

Key Takeaways. While holding or moving to cash might feel good mentally and help avoid short-term stock market volatility, it is unlikely to be wise over the long term. Once you cash out a stock that's dropped in price, you move from a paper loss to an actual loss.

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What to do when you lose all your money in the stock market? ›

You might be tempted to jump back in with both feet, but consider taking on smaller positions than you're used to. For example, if under normal circ*mstances you never risk more than 5% of your trading portfolio on a single trade, after a big loss you might reduce that to 2% or 3% until you feel you're on solid ground.

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How not to lose money in stock market? ›

Stop Loss Strategy

With this strategy, you can place a stop-loss order to buy or sell specific stocks when they reach a particular price level. For example, suppose that you buy stocks of company XYZ at Rs 50 per share. To control your losses, you enter a stop-loss order for Rs 48 per share.

Has the stock market gone up or down since Biden took office? ›

Since Biden took office, the S&P 500 is up 48%, with approximately six months left in the President's current term. That ranks as a positive outcome, but somewhat modest compared to the returns generated during the terms of many other recent Presidents.

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Why did the US market crash today? ›

Downbeat forecasts from Amazon and Intel hit the pricey Big Tech valuations—richly valued technology firms—exacerbating a selloff that brought the tech-heavy Nasdaq Composite index into correction territory. The cooler-than-expected jobs data stoked fears among traders that the US could be heading towards recession.

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Why is the stock market dropping? ›

Today's Selloff, Explained

Stocks fell again on Friday, following another update on the economy that had traders questioning their calls for a “soft landing.” The U.S. economy created fewer jobs than expected in July, showing further cooling in the labor market from last year's overheated levels.

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What are 3 sort of events that impact the stock market? ›

Geopolitical events, such as assassinations, wars, elections, and terrorist attacks, can significantly impact stock market performance across various sectors. This influence typically stems from the uncertainty these events introduce into the global economic environment.

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How does the current global context affect the share market? ›

Countries' economic growth or decline, international relations, political transitions and other external factors can impact share prices and the overall performance of the stock market. For example, geopolitical tensions between countries can have a dramatic effect on the value of a nation's currency.

How did COVID-19 affect the stock market? ›

Wall Street experienced its worst year since 2008's Great Recession. The S&P 500 index fell 19.4%, and the Down Jones Industrial Average fell 8.9%. Tech stocks were some of the worst performers, down between 22% and 66%.