Elon Musk statement on Twitter, earnings from Bed Bath & Beyond, Amazon hardware event in the coming week

Investors expect another wave of key earnings and economic data. Wall Street will also be keeping an eye on developments in the Musk-Twitter legal battle as the world’s richest man is put in the dock this week during a deposition in Delaware.

US stocks experienced another broad sell-off on Friday with the Dow Jones Industrial Average touching an intraday bear market before finishing slightly above that level with a 486-point loss as recession fears mount. In commodities, oil fell more than 7% in the week ending at $78.74 a barrel.

FOX Business looks at upcoming events that are likely to move financial markets in the days to come.

monday 9/26

The Chicago Federal Reserve’s national activity index will kick off the week with economic data.

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The Federal Reserve will also make the rounds as Atlanta Fed President Raphael Bostic participates in a live Washington Post interview on the causes and impact of income and wealth inequality in the United States and Fed Chair of Cleveland, Loretta Mester, talk about the economic outlook and monetary policy earlier. Distinguished Speaker Series from the Golub Center for Finance and Policy at the Massachusetts Institute of Technology (MIT).

Boston Fed President Susan Collins will also discuss the strengths and challenges in the national and regional economy, the Federal Reserve’s work both domestically and in New England and its background, and the work it plans to do ahead of the Greater Boston Chamber of Commerce.

Tesla founder Elon Musk attends Offshore Northern Seas 2022 in Stavanger, Norway on August 2, 2020. 29, 2022. (NTB/Carina Johansen via REUTERS/Reuters Photos)

Elon Musk’s legal fight with Twitter will also be in the spotlight, as the Tesla CEO is questioned under oath in a statement which is scheduled to run through September. 27. Twitter is suing Musk in Delaware Chancery Court in an effort to force him to go ahead with his $44 billion acquisition of the social media giant. The legal showdown will begin on October 1. 17

Tuesday 9/27

Earnings will rise Tuesday with Cracker Barrel, Jabil Circuit and United Natural Foods before the market opens and BlackBerry and Cal-Maine Foods after the bell.

Meanwhile, the FHFA Monthly Home Price Index, Case-Shiller Home Price Index, New Home Sales, Consumer Confidence, Durable Goods and Building Permits will be on the data list. economic.

Chicago Fed President Charles Evans will also speak on current economic conditions or monetary policy ahead of the Official Forum of Monetary and Financial Institutions Forum’s “The Future of the American Economy” event and San Francisco Fed President , Mary Daly, will participate in a fireside talk titled Banking” ahead of the Bank’s Virtual Symposium on Asian Banking and Finance.

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Wednesday 9/28

Cintas and Paychex will be in the earnings spotlight before the market opens on Wednesday, while Jefferies Financial Group, Park City Group and Vail Resorts will deliver earnings results after the bell.

On the economic data front, investors will be watching for some sales, weekly mortgage applications and the Energy Information Administration’s weekly crude oil stocks.

Atlanta Fed President Raphael Bostic will also participate in a moderated conversation on “Leadership in Banking” before “Banking and the Economy: A Forum for Minorities in Banking” and Chicago Fed President , Charles Evans, will participate in a moderated question and answer session on current economic conditions or monetary policy organized by the London School of Economics.

This photo taken on July 4, 2022 shows the logo of Amazon, a major online shopping company, at the Amazon Amagasaki Fulfillment Center in Amagasaki, Hyogo Prefecture. (KAZUHIRO NOGI/AFP via Getty Images/Getty Images)

Additionally, Amazon will hold its annual hardware event showcasing the e-commerce giant’s latest gadgets, features, and services. Featured from last year’s event it included the Echo Show 15, the Astro home assistant, and the Amazon Glow.

Thursday 9/29

Bed Bath & Beyond, CarMax, Micron Technology and Rite Aid will close the earnings week before the market opens and Nike after the bell.

Turning to economic data, investors will digest corporate earnings, the final reading of Q2 GDP and the latest initial and continuing jobless claims.

Cleveland Fed President Loretta Mester will also participate in a policy panel ahead of the “Inflation: Drivers and Dynamics Conference 2022” hybrid conference, co-hosted by the bank’s Center for Inflation Research, and the president of San Francisco Fed director Mary Daly will make a policy presentation at Boise State University. . .

A Porsche logo is seen on the alloy wheels of a Porsche Boxster 718 at a Porsche dealership in Rome, Italy, on September 6, 2022. (Manuel Romano/NurPhoto via Getty Images/Getty Images)

In addition, Porsche will begin trading on the Frankfurt Stock Exchange.

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friday 9/30

Closing out the week of economic data will be the Personal Consumption Expenditures Price Index, Real Consumer Spending and Disposable Income, the University of Michigan Consumer Confidence Index and the Chicago Purchasing Managers’ Index.

In addition, Federal Reserve Vice Chair Lael Brainard will deliver a keynote address and New York Fed President John Williams will deliver a closing remarks ahead of the Hybrid Conference on Financial Stability Considerations for Monetary Policy.

Other notable events include the second Tesla AI Day, the end of the US government’s fiscal year, and an emergency summit of EU energy ministers to approve measures to reduce energy prices.