KEY EVENT: Spurred by supply chain problems, prices have been rising at the pump and at the supermarket. Are the increases temporary or the beginning of a new inflationary cycle? Two major inflation reports may yield some answers.
MONDAY: Earnings from Great Neck multifamily home investor BRT Apartments and PayPal.
TUESDAY: The Labor Department releases October producer prices. The report is an indicator of inflationary pressures at the wholesale level, which typically are passed along to consumers. Also, the small-business owners October optimism survey from the National Federation of Independent Business. Earnings: Lake Success natural foods seller Hain Celestial, DoorDash, homebuilder D.R. Horton.
WEDNESDAY: The nation’s most-watched inflation guide: consumer prices in October from the Labor Department. In September, prices rose 5.4% from September 2020, biggest increase in 13 years. The report includes a breakout of prices in the 25 Northeast counties, including Long Island. Earnings: Melville ID verification products provider Intellicheck, Walt Disney, Wendy's.
THURSDAY: Jobless benefits claims for the week ended Nov. 6 from the Labor Department.
FRIDAY: The Labor Department releases the number of unfilled jobs as of the end of September. Also, consumer sentiment in early November from the University of Michigan. Earnings: drugmaker AstraZeneca.