Housing Data Mixed; United Warns on Fuel Costs; Tesla, Netflix Report Today
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September Housing Starts and Building Permits data sent mixed signals, with starts below expectations but permits above. Strong permits could mean more housing supply.
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United Airlines shares fell 5% in premarket on profit warning despite solid Q3 results. Fuel costs and Middle East conflict cited as potential Q4 headwinds.
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Tesla and Netflix report earnings after the close today. Focus will be on Tesla's ability to maintain dominance amid competition and Netflix's subscriber and advertising growth.
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Natural gas prices spiked recently on Middle East tensions and supply issues, which could mean higher winter heating bills that impact consumer discretionary spending.
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Tomorrow brings Initial Jobless Claims, Existing Home Sales, and a speech by Fed Chair Powell. Markets watching for signals on potential additional rate hikes.