U.S. stocks closed lower on Thursday with the Nasdaq Composite dropping around 75 points amid a decline in Microsoft Corporation MSFT and Apple Inc. AAPL shares.
Let’s have a look at the major economic events scheduled for today.
- US jobs report for September is scheduled for release at 8:30 a.m. ET. Analysts expect a rise of 250,000 jobs in September compared with an increase of 315,000 jobs in August. Average hourly earnings are expected to rise 0.3% on the month in August, while unemployment rate is expected to remain at 3.7% last month.
- Federal Reserve Bank of New York President John Williams is set to speak at 10:00 a.m. ET.
- Data on wholesale inventories for September will be released at 10:00 a.m. ET. The second estimate of wholesale inventories is an increase of 1.3% in August, versus the first estimate.
- Federal Reserve Bank of Minneapolis President Neel Kashkari will speak at 11:00 a.m. ET.
- Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 12:00 p.m. ET.
- The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
- Data on consumer credit for August will be released at 3:00 p.m. ET. Consumer credit is projected to rise $25.0 billion in August following a $23.8 billion increase in the previous month.
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