Big Tech Earnings Week Dominates

Microsoft, Alphabet, and Amazon all report this week. The three prints will define the market's mood heading into November.

Cadence Design Systems kicks things off today, Sunday. Its Q3 results land at 12:30 ET. The chip-design software firm is a bellwether for semiconductor demand.

Tuesday brings S&P Global, Coca-Cola, Centene, and American Tower. Coca-Cola's consumer read matters given Canada's CPI hitting its highest September level since 1914, up to 170.0 from 164.9 a year ago.

Wednesday is the week's centrepiece. Microsoft reports its fiscal Q1, Alphabet its Q3, alongside Chipotle, eBay, and Equinix. Biogen also drops results Wednesday morning.

Thursday closes the week with Amazon and Intel both at 4 p.m. ET. Intel's print carries extra weight: the chipmaker is in a transition year. Gilead Sciences and Bristol-Myers Squibb also report Thursday.

On the auto side, Mercedes-Benz reports Tuesday. Dutch car registration data, a leading indicator for Mercedes revenue, is running 6% below the same quarter last year across all three months, according to ORTEX Alt Data.

No IPOs are currently scheduled in the next seven days.