Here is what you need to know.
Stocks avoid their worst month since the financial crisis.The S&P 500 gained 1.08% Monday to finish the month of October with a loss of 6.94% – the biggest monthly decline since 2011. It would have needed to finish the month down 8.2% to suffer its biggest monthly drop since the financial crisis.
The UK and EU have agreed on a “tentative” deal for financial services. The deal will allow the UK “continued access to European markets” following Britain’s departure from the EU, securing the post-Brexit future for the City of London, according to The Times.
Sydney home prices just fell at the fastest annual pace in almost 29 years. Home prices in the Australian city fell for a 13th consexutive month in September and were down 7.4% year-over-year, making for the steepest annual drop since February 1990.
Goldman Sachs says there’s one big fear troubling investors.The stock market appears to have stabilised, but Goldman Sachs says there’s still plenty of fear in the market if you look at it on a single-stock basis.
Google staff are staging a walkout on Thursday.Google employees around the world will leave their desks at 11 a.m. to protest the company’s handling of sexual-misconduct allegations.
The owner of MoviePass is delaying a shareholder vote on its reverse-split plan. In a sign of shareholder pushback, Helios & Matheson, the parent-company 0f MoviePass, announced it is delaying the vote on its plan to dramatically reduce its number of shares outstanding and boost its stock price by two weeks.
Denny’s soars after saying it will sell company-operated stores to franchisees. Shares surged 25% Wednesday after the restaurant chain said it intends to sell between 90 and 125 company-operated restaurants in the next 18 months in order to make it a purer franchised brand.
Earnings reporting rolls on. DowDuPont and Spotify report ahead of the opening bell while Apple, Shake Shack, and US Steel release their quarterly results after markets close.
US economic data is heavy. Challenger Job Cuts will be released at 7:30 a.m. ET before nonfarm productivity and initial claims cross the wires at 8:30 a.m. ET. Then, at 9:45 a.m. ET, Markit manufacturing PMI is released. Data conculudes at 10 a.m. ET with construction spending, and ISM manufacturing. The US 10-year yield is up 2 basis points at 3.16%.
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