U.S. stocks closed mostly lower on Wednesday with the Nasdaq Composite dropping around 0.1% amid a decline in Apple Inc. AAPL shares.
Let’s have a look at the major economic events scheduled for today.
- The consumer price index for September is scheduled for release at 8:30 a.m. ET. Core prices increased 0.6% in August with analysts expecting prices slowing to 0.4% for September. Overall prices might rise 0.2% in September following August's 0.1% gain.
- Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are expected to come in at 225,000 for the October 8 week, compared to 219,000 in the earlier week.
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
- The EIA’s weekly report on petroleum inventories in the U.S. will be released at 11:00 a.m. ET.
- The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
- Federal Reserve Bank of Atlanta President Raphael Bostic is set to speak at 1:00 p.m. ET.
- The Treasury will auction 30-year bonds at 1:00 p.m. ET.
- The U.S. Treasury budget report for September will be released at 2:00 p.m. ET.
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