The Week Ahead: More Inflation Data to Kick Off November

Investors will have a busy slate of economic data to digest next week as stocks break into the first week of November. Manufacturing activity, labor market updates, and consumer sentiment are among the key releases, as well as Friday's October employment report.

The earnings calendar is stacked with a number of reports scheduled to release, featuring the likes of Advanced Micro Devices (AMD), Apple (AAPL), Applovin (APP), Arista Networks (ANET), Cardinal Health (CAH), Circle Internet Group (CRCL), CVS Health (CVS), Datadog (DDOG), Diamondback Energy (FANG), Digital Ocean (DOCN), DoorDash (DASH), Hinge Health (HNGE), McDonald's (MCD), Moderna (MRNA), ON Semiconductor (ON), Palantir Technologies (PLTR), Qualcomm (QCOM), Shopify (SHOP), Snap (SNAP), Super Micro Computer (SMCI) and others.

Below is the schedule of key market events for the week ahead. All economic dates are tentative and subject to change.

Monday, Nov. 2 will kick off with the October U.S. Manufacturing Purchasing Managers' Index (PMI), followed by the Institute for Supply Management's (ISM) manufacturing PMI and September construction spending.

Tuesday, Nov. 3 will bring September's Job Openings and Labor Turnover Survey (JOLTS), alongside factory orders.

On Wednesday, Nov. 4, investors will unpack October's ADP National Employment Report and September's U.S. trade balance. The services sector will also be in focus, with the U.S. Services PMI and ISM Report on Business Services PMI due out too. 

Thursday, Nov. 5 will feature preliminary third-quarter productivity and costs data, as well as weekly jobless claims.

Rounding out the week, Friday, Nov. 6 will bring October's employment report, including the unemployment rate and average hourly earnings. The preliminary University of Michigan Consumer Sentiment survey will follow, while September consumer credit figures are scheduled to release too.