Shutdown Enters Week 2. Plus, Goldman Sachs, JPMorgan, Bank of America, Taiwan Semi, and More Stocks to Watch This Week.

(Barron’s)

Stocks looked all set to have another winning week with the S&P 500 and the Nasdaq Composite indexes solidly in the green, until just before 11 a.m. Eastern Time on Friday. That’s when President Donald Trump threatened a “massive increase” to tariffs on Chinese goods. All three major indexes reversed sharply lower in response to the social-media post, ending the week down more than 2% each.

This week, as the government shutdown continues into its second week, earnings season kicks into high gear, giving investors something to chew on, absent economic data from the federal government. The consumer price index, originally scheduled for release on Oct. 15, was going to be the main focus, but that has now been pushed back to Oct. 24, with the Bureau of Labor Statistics recalling some employees to collect data for the all-important report. The Social Security Administration needs inflation data to set its annual cost-of-living adjustment.

Financial-services firms make up the majority of S&P 500 companies reporting earnings this week, but we also get results from two important foreign technology firms at the heart of the artificial-intelligence ecosystem.

Goldman Sachs Group, JPMorgan Chase , and Wells Fargo will announce results on Tuesday, followed by ASML Holding, Bank of America , and Morgan Stanley on Wednesday. Charles Schwab and Taiwan Semiconductor Manufacturing will release earnings on Thursday, and American Express will close out the week on Friday.

Monday 10/13

Fixed-income markets are closed in observance of Columbus Day.

Fastenal announces quarterly results.

Tuesday 10/14

BlackRock, Citigroup, Domino’s Pizza, Goldman Sachs Group, Johnson & Johnson, JPMorgan Chase, and Wells Fargo  release earnings.

The National Federation of Independent Business releases its Small Business Optimism Index for September. Consensus estimate is for a 100.5 reading, roughly even with the August figure.

Wednesday 10/15

Abbott Laboratories, ASML Holding, Bank of America, Citizens Financial Group, J.B. Hunt Transport Services,  Morgan Stanley, PNC Financial Services Group, Prologis, and United Airlines Holdings report quarterly results.

The Federal Reserve releases the beige book for the seventh of eight times this year. The report gathers anecdotal information on current economic conditions from the 12 regional banks.

Thursday 10/16

Bank of New York Mellon, Charles Schwab, CSX, Interactive Brokers Group, KeyCorp, Marsh & McClennan, M&T Bank, Snap-On, Taiwan Semiconductor Manufacturing, Travelers, and U.S. Bancorp hold conference calls to discuss earnings..

The Census Bureau is slated to release retail sales data for September. Expectations are for a 0.4% month-over-month increase, two-tenths of a percentage point less than in August.

The Bureau of Labor Statistics is scheduled to release the producer price index for September. Economists forecast a 2.6% year-over-year increase, which would match the August data. The core PPI, which strips out food and energy prices, is expected to rise 2.7%, after a 2.8% gain previously.

The National Association of Home Builders releases its Housing Market Index for October. The consensus call is for a 33 reading, one point more than in September. Readings below 50 indicate that homebuilders have a dour outlook in the near term for the single-family housing market.

Friday 10/17

American Express, Fifth Third Bancorp, Huntington Bancshares, Regions Financial, SLB, State Street, and Truist Financial announce quarterly results.

The Census Bureau is scheduled to release new residential construction statistics for September. Consensus estimate is for a seasonally adjusted annual rate of 1.32 million privately-owned housing starts, slightly more than in August.

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