The US markets were trading close to even on Monday morning as investors received a mixed batch of earnings reports. Halliburton (NYSE:HAL) and McDonald's (NYSE:MCD) both disappointed with lighter-than-expected revenue in the third quarter, but optimism over Apple (NASDAQ:AAPL) and Netflix (NASDAQ:NFLX) earnings has the Nasdaq higher so far.
Good morning this is Kristin Bianco with the Week Ahead Market Report for October 21, 2013.
In overseas trading, Japan's Nikkei 225 Stock Average was higher by more than 0.9% while the Hang Seng was up about 0.4% overnight. In Europe on Monday, the FTSE 100 was higher by just about 0.3% and the German DAX is flat.
In economic news, investors will receive a flood of data this week with the government shutdown over. Investors will see the September payroll numbers on Tuesday, crude inventories on Wednesday, initial jobless claims on Thursday and durable goods on Friday.
In earnings news, investors will receive reports from Delta Airlines (NYSE:DAL) and Freeport McMoRan (NYSE:FCX) on Tuesday, AT&T (NYSE:T) on Wednesday, 3M (NYSE:MMM) and Xerox (NYSE:XRX) on Thursday and AbbVie (NYSE:ABBV) on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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