What are the key events of US stocks to watch in November? Including nvidia and Amazon earnings, the intense US presidential election, and speeches by Federal Reserve Chairman Powell etc.

moomooニュース米国株 wrote a column · Nov 1, 2024 17:18

Since the beginning of 2024, the US stock market has been performing well, with the major US indices hitting all-time highs in October. $S&P 500 Index (.SPX.US)$、 $Dow Jones Industrial Average (.DJI.US)$、 $Nasdaq Composite Index (.IXIC.US)$reached all-time highs.

According to CFRA Research, since 1945, November and December have been the best months for the US stock market, with average monthly increases of 1.3% and 1.6% respectively.

As we approach November, the global financial markets are anticipating key events such as non-farm payrolls, the US presidential election, the Federal Reserve's interest rate decision, the Consumer Price Index (CPI), and the latest earnings reports from major tech giants, making the market expected to become more volatile.

What are the key events of US stocks to watch in November? Including nvidia and Amazon earnings, the intense US presidential election, and speeches by Federal R...

November 1st
● Apple, Amazon earnings reports (after the US Eastern Standard Time on October 31)
$Apple (AAPL.US)$、 $Amazon (AMZN.US)$Summary of the latest earnings
Apple, while iPhone sales are improving, continues to struggle in China, with uncertain prospects and a lackluster performance after hours.
Amazon, story of growth once again? Profits greatly increased thanks to strong retail and cloud performance, with high expectations for the holiday season!

●USA October Nonfarm Payrolls
Related articles
In September, the number of non-farm sector employees in the United States significantly exceeded expectations, increasing by 0.254 million people, and the unemployment rate decreased to 4.1%.

●USA October ISM Manufacturing PMI

November 2
●Berkshire Hathaway Earnings Reports
"Investing God" Mr. Buffett's management $Berkshire Hathaway-A (BRK.A.US)$・ $Berkshire Hathaway-B (BRK.B.US)$Apple has announced its latest earnings reports, attracting the attention of investors amid a challenging economic environment.

November 3rd
USA switches to winter time
Starting from November 3rd, the trading hours of the US stock market and the release of US economic indicators will be 1 hour behind from daylight saving time.

November 5th
2024 US Presidential Election
The 2024 US Presidential Election is imminent, already bringing tension to the global financial markets.

November 8th
●FOMC Interest Rate DecisionandChairman Powell Press Conference
The Federal Reserve Board (FRB) announces interest rate decisions, followed by Chairman Powell holding a monetary policy press conference.

Based on the past 6 weeks of FRB speeches, economists generally expect the FRB to cut interest rates by 25 basis points, adjusting the interest rate range to 4.5-4.75%.

November 13th
●US October Consumer Price Index (CPI)
Related articles
【Indicators Flash Report】In September, the CPI in the United States generally exceeded financial estimates, halting the trend of inflation slowdown. Expectations for the Fed's interest rate cut have diminished.

November 14th
● US Producer Price Index (PPI) for October
Related articles
【Indicator Flash Report】In September, US PPI rose by 0% compared to the previous month, falling below financial estimates.

November 15th
● Chairman Powell Speech
Chairman Jerome Powell will once again take the stage to deliver a speech providing further insights into the Fed's economic outlook.

November 21st
Nvidia earnings reports (after the close of the US Eastern Standard Time on November 20)
$NVIDIA (NVDA.US)$After hours, the latest earnings will be announced, and the company is being closely watched for its important role in artificial intelligence and high tech.

November 27th
US October Personal Consumption Expenditures Price Index (PCE)
Related articles
[Indicator Flash Report] US Core PCE Price Index in September exceeded expectations at +2.7%. The number of new initial jobless claims last week was lower than expected at 0.216 million cases.

November 28th
● The Federal Open Market Committee (FOMC) of the United States releases the minutes of the meeting.
The Federal Reserve Board (FRB) of the United States may disclose the minutes of the latest monetary policy meeting, revealing the potential future policy direction.

Source: moomoo
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