Big Election, Economic Direction In the week ahead, the main event on the economic calendar is the October U.S. employment report. That data, due Friday, is expected to show that U.S. nonfarm payrolls shed 200,000 jobs in October, according to a Reuters poll, while the unemployment rate is forecast to rise 6.3 percent. Other key economic reports include the Institute for Supply Management (ISM) reports on manufacturing on Monday and non-manufacturing, or service-sector, activity on Wednesday. Both are expected to produce readings showing that the economy contracted in October.
Among the major companies set to report earnings next week are Anadarko Petroleum , MasterCard , Cisco Systems and Sprint Nextel .
With 59 percent of S&P 500 companies having reported earnings in the third quarter, on average earnings for companies in the index are expected to fall 23.8 percent for the quarter.
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