A look astatine immoderate of the cardinal concern events and economical indicators upcoming this week:
SPOTLIGHT ON DELL
Dell Technologies reports its latest quarterly snapshot Monday.
Wall Street predicts the machine and exertion services -company’s fiscal third-quarter net fell compared with the aforesaid play past year. That would echo the company’s results successful its erstwhile 2 quarters. Investors volition beryllium listening for an update connected however Dell’s idiosyncratic machine income trends are faring heading into the vacation buying season.
ANOTHER DOWNBEAT QUARTER?
Best Buy has been struggling this twelvemonth amid weakening user request and rising costs owed to proviso concatenation disruptions.
The nation’s user electronics concatenation has posted little quarterly profits and gross done the archetypal fractional of its existent fiscal year, which began successful February, arsenic consumers person reined successful spending connected electronics amid sharply higher prices for necessities similar nutrient and gas. Wall Street expects the economical trends continued to measurement connected Best Buy successful the 3rd quarter. The institution serves up its quarterly results Tuesday.
HOUSING BAROMETER
The Commerce Department releases its October tally of caller U.S. location income Wednesday.
Economists task that income slowed past period to a seasonally adjusted yearly complaint of 572,500 homes. Sales were moving astatine an yearly complaint of 603,000 homes successful September. The lodging marketplace has cooled aft a beardown commencement to the twelvemonth arsenic sharply higher owe rates person made homeownership little affordable for galore would-be buyers.
New location sales, seasonally adjusted yearly rate, by month:
May 636,000
June 571,000
July 543,000
Aug. 677,000
Sept. 603,000
Oct. (est.) 572,500
Source: FactSet
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