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The earnings season has commenced amid a government shutdown hindering economic data releases. Key upcoming reports, including the Consumer Price Index (CPI) set for later in October, are expected to shape market trajectories. Despite these challenges, the S&P 500 and NASDAQ reached record highs, spurred by positive performance from companies like Delta and Pepsi.
This week, significant player Advanced Micro Devices Inc. (AMD) partnered with OpenAI, potentially boosting its stock, while analysts predict solid corporate earnings from big banks will further energize the market. Pfizer Inc. plans to invest $70 billion to localize operations, aiming to mitigate tariff impacts. Meanwhile, Electric Vehicle tax incentives expired on October 1, prompting legacy automakers to devise alternative strategies to sustain sales.
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