US Fed Chair Jerome Powell And PMI Data Among Biggest Macro Catalysts Today

U.S. stocks closed lower on Thursday with the Nasdaq Composite dropping around 150 points amid a decline in Apple Inc. AAPL and Amazon.com, Inc. AMZN shares.

Let’s have a look at the major economic events scheduled for today.

• The flash Composite Purchasing Managers' Index for September is scheduled for released at 9:3450 a.m. ET. Analysts expect services PMI rising slightly to 45.0 in September from 43.7 in August, while manufacturing index is seen at 51.3 versus previous reading of 51.5.
• The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
• US Federal Reserve Chair Jerome Powell is set to speak at 2:00 p.m. ET.
• Federal Reserve Vice Chair Lael Brainard Lael Brainard and Federal Reserve Governor Michelle Bowman will speak at 2:05 p.m. ET.

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