Wall Street has a full calendar for the week of Nov. 16 to 20: Nvidia’s first earnings report since its chief executive resigned, minutes from the Federal Reserve’s October meeting, October retail sales, results from the biggest U.S. retailers, and the expected stock market debut of artificial intelligence company Anthropic. U.S. stock markets are open all five days. The next market holiday is Thanksgiving, Thursday, Nov. 26. All times below are Eastern, with Central in parentheses.
Monday, Nov. 16: Chinese electric carmaker XPeng reports before the U.S. open, with a call at 7 a.m. (6 a.m.), and Baidu also reports. The New York Fed’s Empire State manufacturing survey for November comes at 8:30 a.m. (7:30 a.m.); its main index was 25.5 in October. Treasury sells 13-week and 26-week bills at 11:30 a.m. (10:30 a.m.). Fed Chair Kevin Warsh gives opening remarks at noon (11 a.m.) at a Fed conference on productivity and jobs at the San Francisco Fed. Investors will listen for any comment on rates.
Tuesday, Nov. 17: Home Depot reports before the open, with a call at 9 a.m. (8 a.m.), and Walt Disney reports before the open, with a webcast at 8:30 a.m. (7:30 a.m.). October retail sales come at 8:30 a.m. (7:30 a.m.). Sales rose 0.8% in September, and published forecasts point to a gain of about 0.2%. It is a key check on shoppers after an October inflation report that came in above forecasts. October import prices come at the same time, after a 1.1% jump in September. Fed Governor Christopher Waller speaks on payments at 9:10 a.m. (8:10 a.m.), and October industrial production follows at 9:15 a.m. (8:15 a.m.). After the close, Nvidia reports at about 4:20 p.m. (3:20 p.m.), with a call at 5 p.m. (4 p.m.). It is the chipmaker’s first report since Jensen Huang resigned as CEO and from the board on Nov. 11, and its results are a gauge of spending on artificial intelligence.
Wednesday, Nov. 18: Target, Lowe’s and TJX report before the open. October housing starts come at 8:30 a.m. (7:30 a.m.); starts fell 5.2% in September to an annual rate of 1.22 million. Treasury auctions $16 billion of 20-year bonds at 1 p.m. (noon). At 2 p.m. (1 p.m.), the Fed releases the minutes of its Oct. 27-28 meeting, which will show how officials weighed inflation and jobs ahead of their Dec. 8-9 meeting. Palo Alto Networks reports after the close, with a call at 4:30 p.m. (3:30 p.m.). Anthropic is expected to set the price of its initial public offering that day.
Thursday, Nov. 19: Walmart, the nation’s largest retailer, reports at 7 a.m. (6 a.m.), with a call at 8 a.m. (7 a.m.). Anthropic is expected to begin trading on the Nasdaq under the ticker ANT. Its latest filing with the Securities and Exchange Commission shows a range of $70 to $78 a share for 825 million shares, and the company says the timing is subject to regulatory clearance. Weekly jobless claims and the Philadelphia Fed’s factory survey come at 8:30 a.m. (7:30 a.m.); claims were 200,000 last week. Fed Vice Chair Philip Jefferson speaks on economic shocks at 9:25 a.m. (8:25 a.m.), and the Conference Board’s leading economic index comes at 10 a.m. (9 a.m.). Treasury sells $19 billion of 10-year inflation-protected securities at 1 p.m. (noon). Intuit and Ross Stores report after the close.
Friday, Nov. 20: The University of Michigan’s final November reading on consumer sentiment comes at 10 a.m. (9 a.m.). Its preliminary reading was 51.0, up from 48.0 in October. Fed Governor Lisa Cook speaks on the U.S. economy in a global context at 12:15 p.m. (11:15 a.m.) at the Central Bank of Chile’s annual conference.
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