Shutdown disrupts calendar again
Today's data calendar is interrupted by the government shutdown, which continues to trump economic news.
Normally the Labor Department would report non-farm payrolls at 8:30 a.m. ET. Economists had predicted a gain of 183,000 for September, up from August's 169,000 figure. ADP's measure of private-sector jobs missed forecasts earlier in the week.
The federal shutdown, now in its fourth day, revolves around implementation of the Obamacare health-care law. So far there is no sign of resolution, and the potential danger is that the deadlock will interfere with Congress raising the debt ceiling later this month.
Next week's calendar has a mix of items, including a increase in corporate results:
European gross domestic product is the main event on Monday, hitting early in the morning.
Tuesday brings German merchandise trade and manufacturer orders, plus earnings from Alcoa and Yum Brands after the closing bell.
Wednesday's lineup includes Costco, Fastenal and Family Dollar. The Federal Reserve will also release minutes from its last meeting.
Thursday's calendar brings monthly same-store sales from retailers, plus results from Micron and Safeway after the closing bell. Initial jobless claims may be released, depending on whether the Labor Department is open.
Friday brings earnings from JP Morgan and Wells Fargo. Consumer sentiment will also be released, and the Commerce Department may announce monthly retail sales data.
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