What happened last week…
All three major indices finished higher for the week: DJIA (1.56%), S&P 500 (1.70%), NASDAQ (2.14%). Year-to-date performances are as follows: DJIA (8.57%), S&P 500 (13.30%), NASDAQ (17.45%).
JPMorgan Chase(JPM) will invest up to $10 billion in companies it deems “critical to national economic security and resiliency” as part of its $1.5 trillion, 10-year plan called the Security and Resiliency Initiative. The company highlighted four key areas: supply chain and advanced manufacturing (critical minerals, robotics), defense and aerospace (autonomous systems, drones), energy independence and resilience (battery storage), and frontier and strategic technologies (AI, quantum computing).
Alphabet(GOOG) announced that it will invest $15 billion over the next five years to build artificial intelligence data centers in India. It will be the company’s largest artificial intelligence hub outside of the United States.
Apple(AAPL) reached an exclusive 5-year agreement with Formula 1 to bring the racing coverage to Apple TV beginning next year. The company will reportedly pay about $140 million per year for the racing rights, which will be included in the streaming platform’s current subscription model at no extra cost.
According to FactSet, as of October 17, for Q3 2025, 12% of S&P 500 companies reported earnings with 86% having a positive EPS surprise and 84% having a positive revenue surprise. The blendedearnings growthfor the S&P 500 is 8.5%, which would be the ninth consecutive quarter of growth. The blendedrevenuegrowthfor the index is 6.6%, which would be the second-highest growth rate since Q3 2022 (11.0%).
Happening this week…
Earnings season continues on this week.
On Thursday,existing home salesfor September are expected to increase to 4.1 million from 4.00 million. On Friday,new home salesfor September are expected to be 690,000.
On Friday, theinflation rateyear-over-year for September is expected to be 3.1%. Meanwhile, thecore inflation rateyear-over-year for September is expected to remain at 3.1%.
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-The Rockline Team
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