This week’s market focus is centered on earnings from SpaceX, Tesla, and Meta 📉, as Wall Street sentiment has cooled significantly. On Tuesday (October 20), September pending home sales data will be released at 10:00 a.m. ET, with Netflix and SpaceX reporting results after the close 📊. On Wednesday (October 21), Tesla and Meta will release their earnings after the market closes 🚀. On Thursday (October 22), initial jobless claims will be published at 8:30 a.m. ET 📝. On Friday (October 23), the October flash PMI will be released at 9:45 a.m. ET, followed by the final University of Michigan consumer sentiment index and inflation expectations at 10:00 a.m. ET 📈. According to FactSet, 79 S&P 500 companies are scheduled to report earnings this week. Federal Reserve officials remain in a blackout period ahead of the October 28 interest rate decision. The CNN Fear & Greed Index currently stands at 18, its lowest level since April 😱. #oncoin# #TSLA# #META# #SpaceXt#

SpaceX said on Thursday that its stake in Elon Musk’s The Boring Co. netted the company an investment gain of $561 million during the third quarter. The gain accounted for more than half of SpaceX’s “other income” in the period and boosted its net income, which landed at just over $4 billion: