The U.S. midterm elections and Friday’s jobs report will anchor a packed week for markets, with corporate results and services data offering fresh readings on AI demand and economic activity.
Republicans control both chambers of Congress. All 435 House seats and 35 Senate seats, including two special elections, are on the ballot Tuesday. The election and jobs-report schedule comes alongside company results and midweek services data.
Polls first close at 6 p.m. ET Tuesday in parts of Indiana and eastern Kentucky. Polls close in Georgia and Virginia at 7 p.m., North Carolina and Ohio at 7:30 p.m., and Pennsylvania and other states at 8 p.m. ET. Some close races may take days to resolve. The election’s policy stakes include fiscal and trade policy, AI and digital-asset regulation.
Apple’s fiscal fourth-quarter results and Palantir’s third-quarter earnings call are scheduled for 5 p.m. ET Monday. Apple’s revenue rose 16% to $109.4 billion in its previous quarter. iPhone revenue gained 22%, services revenue increased 12%, and its 50.1% gross margin included about 2 percentage points from tariff refunds. Investors will watch new iPhone sales, holiday-season guidance and memory costs.
Palantir’s revenue increased 93% to $1.935 billion in its previous quarter, while U.S. commercial revenue grew 149%. The company had projected third-quarter revenue of $2.160 billion to $2.164 billion. Its results will give investors an updated view of commercial demand and profitability.
AMD’s third-quarter earnings call is scheduled for 5 p.m. ET Tuesday. In the second quarter, revenue rose 50% to $11.5 billion and data center revenue increased 107% to $6.7 billion. AMD had projected third-quarter revenue of about $13 billion and a non-GAAP gross margin of about 56%. Investors will watch for updates on Instinct AI GPU and EPYC processor sales, Helios deployment, customer orders and shipments.
October private-sector employment data are due at 8:15 a.m. ET Wednesday, followed by the Institute for Supply Management’s services index at 10 a.m. ET. September’s ADP report counted 90,000 private-sector job additions, including 55,000 in education and health services. The services index was 54.9, its prices index was 74.0 and its employment index was 50.1.
The Bank of England, the U.K.’s central bank, will announce its rate decision and policy report at 7 a.m. ET Thursday. It held its benchmark rate at 3.75% in September in a six-to-three vote, with three members favoring a 25-basis-point increase. Annual CPI inflation in the U.K. rose to 3.5% in September from 3.1% in August.
The U.S. October jobs report is scheduled for 8:30 a.m. ET Friday. September payrolls increased by 29,000, unemployment reached 4.2%, and average hourly earnings rose 3% from a year earlier. July and August payrolls were revised down by a combined 60,000. The report will provide updated figures on hiring, unemployment and wage growth.