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30% of S&P 500 companies are scheduled to report earnings this week
Investors are bracing for the busiest week of earnings season, with 30% of companies in the S&P 500 index scheduled to report results.
Tech giants Alphabet and Microsoft are scheduled to report earnings after the bell on Tuesday. Meta is scheduled to report on Wednesday, and Amazon on Thursday.
Three major industrial companies will also report, starting with 3M and General Electric on Tuesday. Boeing is scheduled to follow up on Wednesday before the bell.
With GM reporting on Tuesday and Ford on Thursday, investors will also gauge the economic impact of the United Auto Workers strikes.
-Lisa Kailai Hahn, Robert Home
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Stock futures open higher
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Gulf markets declined amid fears of continued conflict in the region and rising US interest rates
Stock markets in the Gulf decreased on Sunday amid concerns about an escalation of the war between Israel and Hamas and an additional increase in interest rates by the US Federal Reserve.
- Saudi Arabia Reference indicator It fell for the third session in a row, and ended its trading down 1.5%, as of October 22. Al Rajhi Bank, a Saudi bank that is the largest Islamic bank in the world in terms of capital, lost 2.1%.
- the Country indicator The stock continued five consecutive days of losses, and its stock ended down by 0.9%, with Industries Qatar falling by 2.2% and Qatar Navigation falling by 3%. Qatar National Bank shares fell by 2.1%.
- The Dubai Financial Market General Index, the main stock index in Dubai, fell by 1.5%.
- And outside the Gulf, Egypt Blue chip indicator It rose by 2.4%.
Monetary policy in the GCC countries is usually guided by Federal Reserve policies, as most regional currencies are linked to the US dollar. The Gulf Cooperation Council has six members: Qatar, Bahrain, Oman, Kuwait, Saudi Arabia, and the United Arab Emirates.
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