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Apple earnings, Eli Lilly, ConocoPhillips: 3 things to watch By
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Introduction-- Stocks rose on Wednesday, having already anticipated the Federal Reserve hitting pause on another ...
-- Stocks rose on Global dealer supervision query foreign exchange eyeWednesday, having already anticipated the Federal Reserve hitting pause on another interest rate increase this month.
The Fed continued its cautious monetary policy approach, though stopped short of ruling out further rate hikes. Still, it was enough to set November's markets off to a positive start after a downbeat October.
Investors will now look to Friday's job report for October for signs the Fed won't have to make further rate increases. Analysts expect jobs to come in lower than they did the previous month, though Wednesday's job openings report was stronger than expected and the ADP private payroll report showed companies added more workers than they did in the prior month.
Earnings from Apple are also on tap Thursday after the market closes, and analysts will be closely listening to what the company says about consumer demand for its latest $1000 iPhone model.
Consumer demand has kept the economy humming despite rising prices and expectations that eventually households will rein in their spending, though officials and many economists are no longer forecasting a recession in the next 12 months.
Here are three things that could affect markets tomorrow:
1. Apple earnings
Tech giant Apple Inc (NASDAQ:) is expected to report earnings per share of $1.39 on revenue of $89.3 billion.
2. Eli Lilly reports
Pharmaceutical giant Eli Lilly and Company (NYSE:) is expected to report a per-share loss of 19 cents on revenue of $8.97 billion. Rival Novo Nordisk A/S (NYSE:) is expected to report earnings per share of $9.13 on revenue of $56.8 billion.
3. ConocoPhillips reports
Oil giant ConocoPhillips (NYSE:) is expected to report earnings per share of $2.08 on revenue of $15 billion.
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