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Jobs report, Tesla meeting, Facebook whistleblower top week ahead
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The monthly jobs report for September is just one of several developments on the radar of investors next week.
This, as stocks registered solid gains at the start of October and the fourth quarter. On Friday, the Dow Jones Industrial Average rose 483 points, or 1.4% while the S&P 500 index and Nasdaq Composite jumped 1.1% and 0.8%, respectively. Still, all three posted losses for the week.
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FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
The week for economic data will kick off with factory orders.
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OPEC ministers are also expected to finalize compliance figures on oil production cuts. In September, OPEC+ agreed to increase its output targets by 400,000 barrels per day in October.
In addition, Walmart will begin requiring all U.S. employees above store and club level, such as regional managers and corporate employees, to be fully vaccinated.
On Tuesday, PepsiCo will be the stock to watch with earnings before the market open.
Meanwhile, the trade deficit, Markit Services PMI final reading, and ISM services index will be on the docket for economic data.
Also on Tuesday, Microsoft will roll out its highly-anticipated software update, Windows 11 in what is expected to be a key revenue generator for the tech giant.
Additionally, a Facebook whistleblower is expected to appear at a hearing investigating the harmful impact the tech giant's platforms have on young people. The Commerce, Science, and Transportation Subcommittee on Consumer Protection, Product Safety, and Data Security will host the testimony.