The United Auto Workers strike against Ford, General Motors and Stellantis is entering its fourth wee, and Wall Street investors eye earnings from JPMorgan, Blackrock and PepsiCo.
Investors will gear up for the start of earnings season with the big banks kicking off results and the United Auto Workers strike against Detroit’s Big Three entering its fourth week. Stocks rose Friday and for the week after a stronger-than-expected September jobs report. A bulk of the gains came from the tech-heavy Nasdaq, which gained 1.6%.
The price of oil was down last week, dropping to around $82 dollar per barrel after rising to $95 per barrel almost two weeks ago. Oil producers like Hess, Chevron and Occidental Petroleum reflect the drop in crude prices as all three finished last week in the red. Delta Air Lines, Walgreen’s Boots and Domino’s Pizza will report earnings before the opening bell. Last week, reports surfaced that Delta, along with United, Southwest Airlines and American Airlines, may have sourced unapproved parts from AOG Technics, a firm that acquires parts before selling them to maintenance and repair organizations.
Delta told Fox News Digital the parts were discovered in "a small number" of aircraft engines during a recent overhaul. Big banks kick off earnings season Earnings from Blackrock, Wells Fargo, JPMorgan, Citigroup and PNC Financial will all be reported Friday morning before the opening bell, kicking off the official start of the third-quarter reporting season. GET FOX BUSINESS ON THE GO BY CLICKING HERE FOX Business reporter Breck Dumas contributed to this report.
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