Occasions to look out for on Tuesday embody speeches from the Federal Reserve governor, Residence Depot earnings and Spotify outcomes:
Fedspeak: Lower than per week on from the central financial institution’s second fee reduce of the 12 months, Federal Reserve governor Chris Waller will ship the keynote on the Clearing Home Annual Convention in New York. Individually, Federal Reserve Financial institution of Richmond president Tom Barkin is scheduled to talk at a summit in Baltimore. At Carnegie Mellon College, Philadelphia Fed president Patrick Harker will ship a lecture on “Fintech, AI & the Altering Monetary Panorama”.
Residence Depot: Traders shall be keen to search out out whether or not the Federal Reserve’s back-to-back fee cuts, which can impact mortgage charges, have made a distinction to shopper urge for food for house enchancment initiatives. Residence Depot, which final quarter reduce its gross sales outlook on weakened shopper spending, is projected to report a 4.3 per cent improve in third-quarter revenues, to $39.3bn.
Different earnings: Tyson Meals will announce fourth-quarter earnings earlier than the opening bell. Flutter and Spotify will publish quarterly outcomes after market shut.
