As the VIX surged, earnings announcements from AI-related companies were reported, with the Fed's policy decision and the release of key economic indicators expected to coincide going forward.
The VIX was reported to be surging, and the market is focused on a succession of AI company earnings announcements. Rather than specific stocks, the article focuses on the relationship between AI-related companies' earnings announcements and market reactions.
The calendar peak is 29 October, when the Fed's policy decision is due, with the market consensus calling for the policy rate to remain unchanged at 4.00%, along with the release of third-quarter GDP and core PCE. Initial jobless claims are due on 22 October; the previous reading was 199,000 and consensus is 200,000. The preliminary manufacturing PMI is due on 23 October, with reported figures of 55.5 and 55.9.
Market developments include reactions to movements in US stock futures and FOMC-related events. Market participants are reported to be watching upcoming GDP, PCE and employment data releases, as well as the FOMC decision.
The article contains no specific stock names or investment recommendations, and is limited to event details and the upcoming release schedule.