What’s Ahead for the Stock Market This Week

After Friday’s sharp selloff triggered by President Trump’s decision to raise tariffs in response to China tightening rare earth exports, investors are starting the week on edge. The focus now shifts to trade tensions, earnings season, and the Federal Reserve’s next moves.

Big Earnings Week: Banks and Chipmakers Take Center Stage

This week kicks off a busy stretch of third-quarter results from major financial firms and tech companies.

• Banks: JPMorgan Chase, Wells Fargo, Goldman Sachs, BlackRock, and Citigroup all report on Tuesday, followed by Bank of America and Morgan Stanley on Wednesday. Later in the week, American Express, Truist Financial, and State Street will wrap up the financial lineup.
• Tech & Chips: Taiwan Semiconductor (TSMC) reports Thursday after strong AI chip sales boosted its revenue 40% in the first half of 2025. ASML follows on Wednesday after raising concerns about tariffs and slowing demand for chip equipment.
• Tech events: Oracle’s AI World conference begins Monday, and Salesforce’s Dreamforce starts Tuesday — both likely to bring attention to artificial intelligence and enterprise tech. Earnings Calendar >>

Data Delays and Fed Watch

The federal government shutdown, now entering its third week, is likely to delay several key reports, including retail sales, inflation (PPI), housing starts, and jobless claims. Some data will still come through, like the NFIB Small Business Optimism Index on Tuesday and homebuilder confidence on Thursday.

Investors will also tune in to Federal Reserve Chair Jerome Powell’s speech on Tuesday, along with comments from Fed officials, including Michelle Bowman and Christopher Waller. The Fed’s Beige Book, which gives an overview of economic conditions across regions, will be released on Wednesday.

Market Context

Bond markets will be closed on Monday for Columbus Day (also observed as Indigenous Peoples Day), but stock exchanges will remain open.

With limited economic data and uncertainty around Washington’s budget standoff, markets are likely to take their cues from corporate earnings and Fed commentary.

In short, this week is about navigating through noise — balancing worries over tariffs and the shutdown against potential optimism from strong bank and chipmaker earnings.