Big Tech Dominates a Packed Week

Today's calendar opens with CDNS releasing results at 12:30pm ET. SPGI and KO both report tomorrow morning. Coca-Cola is one to watch in consumer staples.

Wednesday is the biggest day of the week. MSFT and GOOGL both drop results after the bell. CMG and BIIB also report Wednesday. Microsoft and Alphabet together account for over $5 trillion in combined market cap.

Thursday brings AMZN and INTC after the close. SBUX also reports Thursday, with investors watching whether the turnaround under its new leadership is gaining traction. GILD and ILMN round out Thursday's pharma and biotech slate.

In Europe, automakers dominate the back half of the week. MBG reports Wednesday. ORTEX alt data shows Dutch car registrations, a leading indicator for Mercedes revenue, running 6% below last year's comparable quarter. VOW3 follows Thursday. Austrian car data, which leads Volkswagen revenue by 18 days, is also running 6% lower year on year.

No IPOs are scheduled in the coming seven days. The earnings flow alone gives markets plenty to absorb. The Russell 2000 December review ranks on Thursday 30 October, with five names sitting within 1.3% of the entry line, adding an index-rebalance subplot to an already event-heavy week.