Tech Earnings and Economic Data Delays Dominate Market Focus
This week's earnings reports from AMD, Qualcomm, Arm Holdings, and Palantir will serve as a litmus test for AI-driven demand in semiconductors and enterprise software. AMD's Oracle chip deal and Palantir's 100% year-to-date stock surge underscore the market's appetite for AI infrastructure.
Pharmaceutical giants face mounting political pressure to reduce drug prices, while a prolonged government shutdown continues to distort economic visibility—October's jobs report marks the second consecutive month of delayed employment data. The ADP private payrolls release on Wednesday stands as the sole labor market indicator this week.
Gig economy players Uber, DoorDash, and Airbnb round out the earnings calendar, their performance offering insights into consumer discretionary spending amid tightening macroeconomic conditions.
