Notable events on Thursday include Deere’s earnings results, U.S. home sales and unemployment claims data, and speeches from Federal Reserve officials.
Deere: Investors will be interested in comments from the world’s largest farm equipment maker, which is expanding production in northern Mexico, on President-elect Donald Trump’s promise to impose tariffs on U.S. trading partners. . The tractor maker is expected to report a 32.4 percent drop in revenue when it releases fourth-quarter earnings before the opening bell.
US Existing Home Sales: Economists expect US existing home sales to increase at an annual rate of 3.93 million units in October from 3.84 million units in September.
Unemployment claims: New jobless claims are expected to rise to 220,000 for the week ending November 16, up from 217,000 seven days earlier.
FEZ PEAK: Cleveland Fed President Beth Hammack will deliver welcome remarks at a conference sponsored by the bank and the Bureau of Financial Research, and Kansas Fed President Jeff Schmidt will speak at a luncheon sponsored by the Fairfax Industrial Association. Michael Barr, Fed Vice Chairman for Oversight, will participate in a discussion at the 2024 FinRegLab AI Symposium.
