Autos, Tech Giants and a Russell Clock Tick Down

Today brings one of the week's most watched prints. Amazon.com and Intel both release Q3 results after the close. Amazon is expected to show continued cloud growth. Intel faces tougher questions about its turnaround timeline.

European automakers are also reporting today. Renault posts a sales and trading update. Austrian car registration data leads Renault's revenue by 32 days and is running 6% ahead of the same quarter last year. The same dataset for its Dutch channel is down 19% year on year. The two signals point in opposite directions, adding uncertainty to the print.

Volkswagen also reports today. Austrian registrations, which lead its revenue by 18 days, are running minus 6% versus last year.

Later in the week, Apple reports Q4 fiscal results on Monday 2 November after the close. Amgen follows on Monday 3 November.

Ferrari reports 3 November. Austrian registration data, a weak-fit lead for Ferrari's revenue, is running minus 75% year on year.

Away from earnings, the Russell 2000 ranking cut-off falls tomorrow. Twist Bioscience sits 1.7% above the Russell 1000 entry line at a market cap of $10.9 billion. Its promotion probability jumped from 20% to 55% overnight, per ORTEX Index Rebalance Radar. A deletion from the Russell 2000 would force $1.4 billion of selling. Both outcomes hinge on tomorrow's close.

Life Time Group Holdings sits exactly on the Russell 2000 exit line at $44.08. Forced selling at stake is $942 million.

No IPOs are scheduled in the next seven days.