Next week brings quarterly earnings from major U.S. companies including General Motors, Netflix, United Airlines, Tesla and Meta, along with new jobs data and consumer sentiment readings. Analysts polled by FactSet expect S&P 500 profit growth of just under 30%, led by the energy sector. Investors want to know whether big AI spending is translating into future growth. Homebuilding may edge higher after two months of declines, but high mortgage rates and rising construction costs remain hurdles; KB Home and Lennar are down more than 20% in 2026, versus a 14% rise for the S&P 500. Consumers remain anxious about rising prices, even as September retail sales rose 0.8% (only 0.2% excluding gas stations), and wholesale food prices jumped 1.2% as fuel costs push up shipping and warehousing.
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- Big earnings reports , homebuilding and the mood of consumers up front next week
Quarterly results from major U.S. companies, including GM, Netflix, United Airlines, Tesla, Meta and IBM, dominate the coming week, with analysts polled by FactSet expecting S&P 500 profit growth of just under 30%, led by energy and then tech. Profits are expected to be slimmer for United Airlines and Tesla, while Meta and IBM are expected to report growth. The September housing starts report is expected to show a modest rise after two months of declines, as high mortgage rates and rising construction and labor costs keep homebuilders under pressure; KB Home and Lennar are down more than 20% in 2026, versus a 14% gain for the S&P 500. On the consumer side, the University of Michigan's final October sentiment reading is due amid worsening confidence, even as retail sales rose 0.8% in September (0.2% excluding gas stations) and wholesale food prices jumped 1.2% from August, partly due to higher diesel costs.
- S & P 500 , Nasdaq set to open higher as AI stocks rebound ahead of earnings rush
The S&P 500 rose 0.57% to 7,702.77 and the Nasdaq Composite gained 0.98% to 26,395.287 at the open on Monday, rebounding from last week's sharp AI-led selloff. The Dow Jones Industrial Average slipped 0.05% to 51,978.58. Falling oil prices added support ahead of key earnings reports this week.
- Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up
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- Meta and Musk earnings and September pending home sales: What to Watch
This week brings Q3 earnings from Netflix (NFLX), SpaceX (SPCX), Meta (META) and Tesla (TSLA), along with September pending home sales data. Netflix and SpaceX report on Tuesday, with analysts forecasting Netflix third-quarter revenue of $12.9 billion and watching subscriber growth, while SpaceX investors will track launch cadence and Starlink subscriber count. Meta and Tesla report on Wednesday: Meta is expected to show higher revenue amid its AI investments, while Tesla is expected to post year-over-year earnings declines, with attention on the new Roadster. Economists expect September pending home sales to be flat month over month.
- Big earnings reports, homebuilding and the mood of consumers up front next week
- Big earnings reports , homebuilding and the mood of consumers up front next week
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