Corporate reporting season nearing endBusiness | 19 Nov 2019 10:31 am
Trading on Wall Street was quiet Monday as the market nears the end of corporate reporting season.
More than 90 percent of companies in the S&P 500 have already said how much profit they made during the summer, and reports have mostly come in ahead of Wall Street’s expectations.
Still on deck are several big retailers. Home Depot will report results on Tuesday. Target and Lowe’s will report results on Wednesday. Macy’s and Gap will release their earnings on Thursday.
Also coming up this week are the release of the minutes from the Federal Reserve’s last meeting, where it decided to cut interest rates for a third time this year, and reports on manufacturing and consumer sentiment.-AP