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Time now for what to watch on Wednesday, November 4th. Earnings season is in full swing as we hear more from the consumer sector and the AI trade.
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Starting with McDonald's, announcing results for the third quarter before the market's open.
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Company battling concerns about slowing US sales.
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Analysts warning that pricing missteps may have driven customers away, while stronger competition from rivals like Burger King could be eating into market share.
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Investors will be watching whether McDonald's digital promotions are helping bring customers back and whether inflation is putting additional pressure on profit margins.
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Then after the market's closed, Qualcomm is reporting quarterly results. Investors will be paying close attention to the chip maker's outlook as it expands beyond smartphones into the booming data center market.
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Qualcomm recently confirming Amazon as a major customer for its custom chips, strengthening confidence in its goal of reaching $5 billion in data center revenue by 2027.
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But rising memory costs and weaker demand for lower end Android phones could weigh on results.
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Speaker A
And finally, on the economic calendar, we're getting a fresh look at the labor market with October's ADP private payrolls report.
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Speaker A
Economists forecasting private employers to add 66,000 jobs, down from September's print, giving us more insight into the health of the labor force.
