Events to look out for on Thursday include Airbnb and Rivian earnings, the Federal Reserve’s rate-setting meeting and employment data.
Federal Reserve: The central bank’s rate-setting committee is forecast to lower rates for the second time this year when it meets on Thursday. Economists expect the Fed to deliver a quarter-point cut, having opted for a half-point cut when it kicked off its monetary policy easing cycle in September.
Earnings: A clutch of companies will report quarterly earnings today. Warner Bros. Discovery, The Hershey Company, Ralph Lauren and Tapestry will all post results before the opening bell. Airbnb, Expedia, News Corp and Rivian will announce earnings after market close.
Trump administration: Following Donald Trump’s victory in the 2024 US election, more details may begin to emerge about the make-up of the Republican president-elect’s incoming administration and his plans for after the January inauguration.
Initial jobless claims: New applications for unemployment aid are forecast to have ticked up to 221,000 in the week ended November 2, compared with 216,000 the previous week.
