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Stock Market Reports

Barrage of earnings, economic data to drive market

Monday, October 26, 2009 2:50:09 AM
By SARA LEPRO

A pair of traders work on the floor of the New York Stock Exchange near the close of trading Wednesday, Oct. 21, 2009. Spooked traders unraveled a stock market rally late Wednesday as worries mounted about banks and a jump in the price of oil. (AP Photo/Richard Drew)NEW YORK (AP) - Investors would like a definitive answer to the question: Is the economy in fact in recovery? The answers this week may not be conclusive, but they might remove some of the uncertainty that has made stock trading choppy lately.

Investors will get the Commerce Department's first report on third-quarter gross domestic product, the broadest measure of the economy's health. The week will also bring reports on housing prices and new home sales, consumer confidence and durable goods orders, a key indicator for the manufacturing industry.

And earnings reports, which investors are viewing as economic data these days, will continue to flow in. Results from companies including Kellogg Co., Procter & Gamble Co. and Visa Inc. will provide more insight into consumer spending. Reports from several major energy companies, including ConocoPhillips and Exxon Mobil Corp., as well as insurers Aetna Inc. and MetLife Inc., are also expected.


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