What happened last week…
The government shutdown ended with the signing of a funding bill, which will keep the government open through the end of January. Both the DJIA (0.34%) and the S&P 500 (0.08%) notched positive weekly gains. Year-to-date performances for the three major indices are as follows: DJIA (10.82%), S&P 500 (14.49%), NASDAQ (18.59%).
Atlanta Federal Reserve President Raphael Bostic will vacate his post when his term ends in February 2026. Bostic has been in his role since 2017. Currently a non-voting member on the Federal Open Market Committee that makes the decision on interest rates, the Atlanta Fed will have a vote in 2027.
Inflation data for October has been delayed due to the government shutdown, which has recently lifted.
Walmart (WMT) CEO Doug McMillon will retire at the end of January and be replaced by Walmart U.S. CEO John Furner, who has been in his current role since 2019 and began at Walmart in 1993 as an hourly associate. McMillon had been CEO for more than a decade and will serve as an advisor through January 31, 2027.
Uber Technologies (UBER) announced Uber Ski to help travelers book transportation and tickets to visit ski destinations. According to the press release, Uber has partnered with Vail Resorts, the world's largest mountain resort operator, to allow users to purchase mountain passes through the app. Users can reserve a ride up to 90 days in advance and have access to nearly 40 mountains across North America and Europe.
According to FactSet, as of November 14, for Q3 2025, 92% of S&P 500 companies reported quarterly results and the blended earnings growth for the index is 13.1% while the blended revenue growth for the index is 8.3%. Looking ahead, for Q4 2025, the forecasted earnings growth for the S&P 500 is 7.4% with revenue growth of 7.2%.
Happening this week…
On Thursday, existing home sales for October are expected to remain at 4.06 million, which was the highest reading since February 2025 (4.27 million).
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- The Rockline Team
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