By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures edged higher in early morning trading Monday after the Dow Jones Industrial Average notched its third positive week in a row at a record high.
- Lamborghini has grown rapidly in recent years within the Volkswagen group, but now needs to confront battery technology and more competition from Ferrari.
Market Snapshot
Stock futures edged higher in early morning trading Monday after the Dow Jones Industrial Average notched its third positive week in a row at a record high.
$Dow Jones Industrial Average (.DJI.US)$ futures dropped 9 points. $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures traded in mildly positive territory.
Market Temperature
Read More: Market Temperature (10/25)
Top News
Dow industrials finish at record high
U.S. stocks were mixed Friday as companies continued to report strong earnings.
Powell says supply-side constraints have worsened, creating more inflation risk
The Fed chairman indicated he is now somewhat more concerned about higher inflation and said that the central bank would watch carefully for signs that households and businesses were expecting sustained price pressures to continue.
Tax on billionaires' unrealized gains will likely be in budget package, Democrats Say
The proposal, which would likely affect fewer than 1,000 of the wealthiest U.S. taxpayers, would help pay for President Biden's social policy and climate legislation.
Bitcoin ETF's success could come at fundholders' expense
The first exchange-traded fund based on bitcoin futures is rolling up assets, but traders say the ProShares fund's structure makes it a sitting duck for "front-running."
Supercar makers skid into EV era
Lamborghini has grown rapidly in recent years within the Volkswagen group, but now needs to confront battery technology and more competition from Ferrari.
Google charges more than twice its rivals in ad deals, unredacted suit says
The suit by state attorneys general sheds new light on how the search giant profits from its commanding position in the internet economy. $Alphabet-A (GOOGL.US)$
Facebook's internal chat boards show politics often at center of decision making
In hot debates, employees and management spar over allegations content rules aren't enforced for Breitbart and other right-wing publishers for fear of public blowback. Other internal documents show management expresses wariness of appearing biased. In response, $Meta Platforms (FB.US)$ says it enforces its rules equally and doesn't consider politics in its decisions.
Read More
U.S. five-year inflation expectations hits highest level since 2005
Bull session | Are hedge funds turning more cautious on tech giants FAANG?
Consumers drink more boozes and suffer from price hike
10 stocks to watch for an impending rebound or pullback (Week of 10/25)
Best month to buy stocks: November
Facebook failing to attract young users?
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

Weekly market recap
U.S. stock index futures were about unchanged during overnight trading on Sunday, after the major averages posted their best week in months amid a stronger-than-expected start to earnings season.
The major averages are coming off a winning week. The $Dow Jones Industrial Average (.DJI.US)$advanced 382 points on Friday, ending the week with a 1.58% gain for its best week since June. The $S&P 500 Index (.SPX.US)$rose 1.82% last week for its best week since July, while the $Nasdaq Composite Index (.IXIC.US)$saw its best week since the end of August, with the tech-heavy index adding 2.18%.
So far 41 S&P 500 components have reported third-quarter results, with 80% of them topping EPS expectations, according to data from FactSet. Taking into account the companies that have already reported and estimates for the rest, third-quarter profit growth will total 30%, the third highest quarterly growth rate for S&P 500 companies since 2010, according to FactSet.
Here's a look at the return of S&P 500 sectors
This week ahead in focus
Seventy-two S&P 500 companies report earnings this week, as third-quarter earnings season ramps up. Several big U.S. banks got things off to a strong start last week. This week's earnings highlights will include results from notable companies in telecom, consumer staples, energy, technology, health care, and the airline industry.
Economic data highlights this week include the Conference Board's Leading Economic Index for September on Thursday and IHS Markit's Manufacturing and Services Purchasing Managers' indexes for October on Friday. All are seen easing back from their prior months' levels.
Other releases this week include the Federal Reserve's most recent Beige Book, describing economic conditions across the U.S., and a pair of September housing-market indicators: The Census Bureau reports new residential construction data on Tuesday and the National Association of Realtors reports existing-home sales on Thursday.
Monday 10/18
The Federal Reserve releases industrial production data for September. Economists are looking for a 0.20% rise after a 0.4% increase in August. Capacity utilization is expected at 76.5% for September, roughly in line with August's 76.4%.
$Albertsons Companies (ACI.US)$, $Royal Philips (PHG.US)$, $Steel Dynamics (STLD.US)$, and $State Street (STT.US)$are among companies releasing quarterly financial results.
Tuesday 10/19
The Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.623 million housing starts, compared with 1.615 million in August.
$Halliburton (HAL.US)$, $Procter & Gamble (PG.US)$, $Johnson & Johnson (JNJ.US)$, Synchrony, $The Travelers Companies (TRV.US)$, $Philip Morris International (PM.US)$, $Kansas City Southern (KSU.US)$, $Netflix (NFLX.US)$, and $Dover (DOV.US)$are among companies hosting earnings conference calls.
Wednesday 10/20
The Federal Reserve releases its beige book about current economic conditions across the central bank's 12 districts.
$Abbott Laboratories (ABT.US)$, $Biogen (BIIB.US)$, $NextEra Energy (NEE.US)$, $Bed Bath & Beyond Inc (BBBY.US)$ $ASML Holding (ASML.US)$, $Canadian Pacific Kansas City Ltd (CP.CA)$, $Verizon (VZ.US)$, $Tesla (TSLA.US)$, $IBM Corp (IBM.US)$, and $Anthem (ANTM.US)$discuss quarterly financial results.
Thursday 10/21
The National Association of Realtors reports existing-home sales for September. Economists forecast a seasonally adjusted annual rate of 6.10 million homes sold, compared with 5.88 million homes in August.
$Dow Inc (DOW.US)$, $Freeport-McMoRan (FCX.US)$, $Genuine Parts (GPC.US)$, $Southwest Airlines (LUV.US)$, $Valero Energy (VLO.US)$, $Blackstone (BX.US)$, $Quest Diagnostics (DGX.US)$, $BARCLAYS PLC (BCLYF.US)$, $Danaher (DHR.US)$, $AT&T (T.US)$, Nucor, $American Airlines (AAL.US)$, $AutoNation (AN.US)$, $Intel (INTC.US)$, $Snap Inc (SNAP.US)$, and $Chipotle Mexican Grill (CMG.US)$host earnings conference calls to discuss quarterly results.
The Philadelphia Fed diffusion index, a measure of overall manufacturing activity, is expected to fall to 24 in October from September's 30.7 reading.
The Conference Board releases its Leading Economic Index for September. Expectations are for a 0.50% rise, after August's 0.90% gain.
Friday 10/22
IHS Markit releases the Manufacturing and Services Purchasing Managers' indexes for October. Consensus estimate for the Manufacturing PMI is 60.3, while the Services PMI is expected to be 54.7, compared with 60.7 and 54.9, respectively, in September.
$Whirlpool (WHR.US)$, $Honeywell (HON.US)$, $Cleveland-Cliffs (CLF.US)$, $Celanese Corp (CE.US)$, $HCA Healthcare (HCA.US)$, $Schlumberger (SLB.US)$, $VF Corp (VFC.US)$, and $American Express (AXP.US)$host investor conference calls.
Source: CNBC, Barron's

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were higher in early morning trading on Friday, after the S&P 500 posted its best day since March on stronger-than-expected earnings.
- Former Boeing 737 chief technical pilot Mark Forkner was charged with deceiving the Federal Aviation Administration.
Market Snapshot
U.S. stock index futures were higher in early morning trading on Friday, after the S&P 500 posted its best day since March on stronger-than-expected earnings.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ gained 119 points. $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures also both traded in positive territory.
Top News
Dow jumps 500 points after strong earnings reports
Stocks rallied after better-than-expected earnings, including from banks, that helped ease investor concerns about a slowdown in growth.
SEC revives proposal to claw back executive pay
The Securities and Exchange Commission is working to implement a controversial rule proposed in 2015 that would force companies whose financial results contain errors to claw back some of their executives' incentive pay.
Fed's Barkin unsure economy can recover all jobs lost in pandemic
Richmond Fed President Thomas Barkin said changes in the economy could mean that some workers who left the job market during the pandemic won't return.
U.S., European nations claim progress on path to removing digital taxes
The U.S. and five European countries have reached an agreement on how those countries' digital-service taxes would be withdrawn as a broader global tax agreement moves forward, French Finance Minister Bruno Le Maire said.
Virgin Galactic pushes back commercial space flights
The company said it believes it will launch private-astronaut flights in the fourth quarter of 2022. $Virgin Galactic (SPCE.US)$
Johnson & Johnson places talc injury claims in bankruptcy
$Johnson & Johnson (JNJ.US)$ placed into bankruptcy its liabilities for tens of thousands of lawsuits linking talc-based products to cancer, betting the move will help drive a settlement of personal-injury claims that are expected to grow for decades to come.
Former Boeing pilot indicted in probe of 737 MAX crashes
Former $Boeing (BA.US)$ 737 chief technical pilot Mark Forkner was charged with deceiving the Federal Aviation Administration.
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In One Chart | Virgin Galactic falls after delaying commercial flight, is the space market overheated?
Coinbase pitches blueprint for special crypto regulator
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

On the last trading day, the Dow Jones Industrial Average rose 1.56%. The Nasdaq Composite Index climbed 1.73%and the S&P Index gained 1.71%.
On Thursday, there was no traditional IPO filed, while three new stock officially was listed for trading. Coding platform GitLab started trading yesterday. It soared 35% on its IPO debut and was valued at $14.86 billion.
$Gitlab (GTLB.US)$ , founded in 2011, is a provider of cloud-based software that allows developers to share code and collaborate on projects.
Gitlab pioneered The DevOps Platform, a fundamentally new approach to DevOps consisting of a single codebase and interface with a unified data model.
GitLab competes with Microsoft’s GitHub in helping developers share code and collaborate on projects. It is the latest high-growth tech company to line up for an IPO.
Gitlab's business has experienced rapid growth. The company generated revenue of $81.2 million and $152.2 million in fiscal 2020 and 2021, respectively, representing growth of 87%.
$Upstart (UPST.US)$ , founded in 2012, is a fintech company that operates an artificial intelligence-powered lending platform. As of October 14th, it has a listed-to-date return of 1798.40%, with a market cap of $29.47 billion.
The firm partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
Upstart developed an income and default prediction model to determine credit worthiness of a potential borrower. In addition to traditional underwriting criteria—FICO score, credit report, and income—the Upstart underwriting considers education variables—colleges attended, area of study, GPA, and standardized test scores— and work history to develop a statistical model of the borrower's financial capacity and personal propensity to repay.

U.S. stock index futures were little changed during overnight trading on Thursday, after the S&P 500 posted its best day since March on stronger-than-expected earnings.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ gained 36 points. $S&P 500 Index (.SPX.US)$ futures advanced 0.11%, while $NASDAQ 100 Index (.NDX.US)$ futures were up 0.12%.
$Walgreens Boots Alliance (WBA.US)$ $Apache (APA.US)$ $Carrier Global (CARR.US)$
$U.S. Bancorp (USB.US)$ $Boeing (BA.US)$ $Wells Fargo & Co (WFC.US)$

Hey mooers, check out Monday's hot sectors and hot stocks here!
$Gaotu Techedu (GOTU.US)$ $NACCO Industries (NC.US)$ $ChargePoint (CHPT.US)$ $Corvus Pharmaceuticals (CRVS.US)$ $ENERKON SOLAR INTERNATIONAL INC (ENKS.US)$

Stock futures were little changed in overnight trading on Monday after Wall Street kicked off the week on a sour note.
The market suffered losses to start the week with the blue-chip $Dow Jones Industrial Average (.DJI.US)$ shedding 250 points. The $S&P 500 Index (.SPX.US)$ fell 0.7% Monday with nine of the 11 sectors registering losses, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ dipped 0.6%.
$Global Payments (GPN.US)$ $Enphase Energy (ENPH.US)$ $The Mosaic (MOS.US)$ $Wynn Resorts (WYNN.US)$