The Stock Market Continues to Rise: Critical Data Expected

Strong Opening on Wall Street

On Monday, the Dow Jones Industrial Average (DJI) rose by over 1.1%, gaining more than 500 points, while the S&P 500 (GSPC) also increased nearly 1.1%. The Nasdaq Composite (IXIC) stood out with a 1.4% rise. Apple (AAPL) shares reached record levels due to strong demand for the iPhone 17.

A Week Full of Earnings Reports

This Sunday, there are high expectations for investors focused on the earnings season in the markets. Important company reports will highlight this week, including Tesla (TSLA), Intel (INTC), Netflix (NFLX), and Coca-Cola (KO). Zions Bancorp (ZION) will announce its third-quarter results in the evening, and the previous week’s bad credit disclosures had frightened investors.

Developments in Trade Wars

A pause in trade wars has provided some relief to investors. Treasury Secretary Scott Bessent noted that relations with Beijing are "deteriorating" and that U.S.-China talks will resume this week in Malaysia.

Government Shutdown and Economy

The U.S. government shutdown has entered its third week, with Democrats and Republicans continuing their disagreements over federal health subsidies. Experts warn that a prolonged standoff could impact short-term Gross Domestic Product (GDP) growth.

Increase in Natural Gas Prices

On Monday, natural gas prices for the upcoming months saw an increase of over 11%. Member countries of the European Union have reached an agreement to cut all Russian gas exports by the end of 2027. Natural gas stocks totaled 80 billion cubic meters as of October 10th.

Service Outage at Amazon

On Monday, a disruption in Amazon (AMZN) Web Services affected many internet platforms. The outage disrupted services at major companies such as Coinbase (COIN) and Robinhood (HOOD). However, Amazon announced that the issues were resolved in a short time.

Cleveland-Cliffs and Rare Earths

Cleveland-Cliffs (CLF) shares gained 18% as the company focuses on producing rare earth minerals. The company announced it is exploring opportunities in this area in its mines located in Michigan and Minnesota.

Forward Expectations

The market is awaiting critical data releases that could influence the Federal Reserve’s interest rate decisions. The U.S. Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for September on Friday. This data may serve as an important indicator prior to next week’s Federal Reserve meeting.