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US Empire State Manufacturing Index Might Decline To This Level In October, Here Are The Major Macro Issues For Monday

U.S. stocks closed lower on Friday with the Nasdaq Composite dropping over 300 points amid a decline in Apple Inc. (NASDAQ: AAPL) and Amazon.com, Inc. (NASDAQ: AMZN) shares.
byLisa Levin
October 17, 2022
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U.S. stocks closed lower on Friday with the Nasdaq Composite dropping over 300 points amid a decline in Apple Inc. (NASDAQ:AMZN) shares.

Let’s have a look at the major economic events scheduled for today.

  • The Empire State manufacturing index for October is scheduled for release at 8:30 a.m. ET. The index is expected to decline to minus 2.5 for October compared to a reading of minus 1.5 in September.
  • The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.

Market Volatility Declines Following US Inflation Data

Check out our premarket coverage here

 
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