As the economic calendar is fairly light in the coming week, the major focus of market participants on Wall Street will be on earnings reports from big names like the chip giant Nvidia Corpretail heavyweights Walmart Inc and Target Corp.

Nvidia, the world’s most valued company by market capitalization, will report its third-quarter results on Nov. 20, which will be an indicator of the market’s appetite for technology and artificial intelligence stocks.

Next week will witness updates on housing market, flash PMI data on services and manufacturing sectors.

After Federal Reserve Chairman Jerome Powell’s comments on the future path of interest rates last week, several speeches by Fed speakers scheduled in the coming week will attract the attention of market participants.

On Thursday, Powell suggested the US central bank may be cautious about future interest rate decisions.

“The economy is not sending any signal that we need to rush to lower rates.”

Economic calendar

On November 18 (Monday), a November Home Builder Confidence Index report will be released.

On November 19 (Tuesday), housing starts data for October will be published.

On November 21st (Thursday), separate reports will be released on the Philadelphia Fed manufacturing survey, existing home sales for October and the headline economic index for October.

On November 22 (Friday), separate reports will be released on the US Services PMI and the S&P US Manufacturing for November and Consumer Sentiment (Final) for November.

income

The following companies are scheduled to report third-quarter earnings next week — Trip.com Group, Symbotic, AECOM, BellRing Brands, Brady Corp., Walmart, Lowe’s, Medtronic, Keysight Technologies, Viking Holdings, NVIDIA, TJX, Palo Alto Networks, Target, Snowflake, Intuit, Deere & Company, Ross Stores, Construction Partners, NetApp, BJ’s Wholesale Club Holdings, The Buckle and Global Blue Group Holdings.

The markets last week

US stocks closed below on Friday.

The Dow Jones Industrial Average fell 305.87 points, or 0.70 percent, to 43,444.99, the S&P 500 lost 78.55 points, or 1.32 percent, to 5,870.62 and the Nasdaq Composite fell with 427.53 points, or 8.2 percent, or 8.2 percent.

In the bond market, the 10-year Treasury yield was flat at 4.44%. The 2-year yield fell to 4.31% from 4.36%.