Equities fell last week as jitters around the artificial-intelligence trade dragged down the Nasdaq Composite index and in particular semiconductor stocks. The Nasdaq sank 4.5%, while the VanEck Semiconductor exchange-traded-fund ended Friday on a nine-day losing streak, down 10.5% on the week, the largest weekly drop since April 2025. The S&P 500 declined 1.9% on the week.
Hyperscalers earnings this week could revive the chip stock trade, if the big spenders continue to increase their monetary commitments to the data-center buildout. Meta Platforms will report earnings on Wednesday, one of about 70 S&P 500 companies set to do so this week.
Also announcing earnings this week will be GE Aerospace and General Motors on Tuesday, followed by AT&T, IBM, and Tesla on Wednesday. Lockheed Martin and Procter & Gamble will release their results on Thursday, and American Express will close out the week on Friday.
It's a light week for economic data, with the Census Bureau reporting residential construction data on Tuesday and S&P Global releasing both its Manufacturing and Services Purchasing Managers' Indexes on Friday.
NVIDIA GTC Berlin 2026 takes place from October 20–22, 2026, marking a major European expansion for NVIDIA's premier AI conference. NVIDIA founder and CEO Jensen Huang takes the stage at the Tempodrom on October 21 at 11 AM CEST.
Monday 10/19
Fifth Third Bancorp, Steel Dynamics, and W.R. Berkley announce earnings.
Tuesday 10/20
3M, Capital One Financial, Chubb, Equifax, GE Aerospace, General Motors, Genuine Parts, Halliburton, Hasbro, Intuitive Surgical, KeyCorp, MSCI, Netflix, Northrop Grumman, RTX, Synchrony Financial, and United Airlines Holdings report quarterly results.
The Census Bureau reports new residential construction data for September. Consensus estimate is for a seasonally adjusted annual rate of 1.3 million privately-owned housing starts, slightly more than in August.
The National Association of Realtors reports pending home sales for September. Pending home sales are expected to be flat month over month after a 0.3% rise in August.
Wednesday 10/21
Abbott Laboratories, AT&T, CME Group, Crown Holdings, CSX, Danaher, Elevance Health, Globe Life, IBM, Kinder Morgan, Lam Research, Las Vegas Sands, Meta Platforms, Moody's, NextEra Energy, Northern Trust, Philip Morris International, Rollins, SAP, Southwest Airlines, Tesla, Teledyne Technologies, Thermo Fisher Scientific, Texas Instruments, United Rentals, Waste Connections, and Westinghouse Air Brake Technologies release earnings.
Thursday 10/22
Barclays, Bloom Energy, Blackstone, CBRE Group, Comcast, Deckers Outdoor, Dover, Dow, Honeywell International, Huntington Bancshares, Lockheed Martin, Nasdaq, Newmont, Nokia, Norfolk Southern, PG&E, Procter & Gamble, PulteGroup, Quest Diagnostics, Roper Technologies, Snap-On, Spotify Technology, Tractor Supply, Union Pacific, Valero Energy, VeriSign, and Western Digital announce quarterly results.
Friday 10/23
American Express, First Citizens BancShares, and SLB report earnings.
S&P Global releases both its Manufacturing and Services Purchasing Managers' Indexes for October. Consensus estimates are for a 55.5 reading for the Manufacturing PMI and a 57.9 for the Services PMI. These compare to readings of 55.9 and 58.8, respectively, in September.
