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Wall Street’s major indexes were significantly lower on Thursday as heightened market sentiment due to the end of the U.S. government shutdown dissipated, and focus was turned to the economy. The U.S. House of Representatives on Wednesday passed the stopgap spending bill that will end the longest U.S. government shutdown in history, which lasted 43 days. With it, President Donald Trump signed into law a federal spending package. With the shutdown now over for the time being, investors are hoping that delayed economic reports will soon start to come. However, two major economic reports on jobs and inflation for October may never be released even as the government shutdown ends, according to White House press secretary Karoline Leavitt.
With the U.S. government shutdown now over, investors will keep an eye out for important economic reports. The U.S. Bureau of Labor Statistics confirmed that the delayed September Nonfarm Payrolls report will be published on Thursday. Other indicators on the docket are the NY Empire State Manufacturing Index, due to be released on Monday, and the ADP Employment Change, Industrial Production, and NAHB Housing Market Index on Tuesday. Wednesday will see the release of MBA Mortgage Applications, Building Permits, Atlanta Fed GDP, and FOMC Meeting Minutes, while Thursday will include the Philadelphia Fed Manufacturing Index and Existing Home Sales. Friday will include reports on S&P Global Manufacturing PMI and Michigan Consumer Sentiment.
XPeng (XPEV), Home Depot (HD), Medtronic (MDT), Baidu (BIDU), NVIDIA (NVDA), Palo Alto Networks (
