Morning Briefing: 10 Things You Should Know
NEW YORK ( TheStreet) -- Here are 10 things you should know for Monday, Oct. 21:
1.-- U.S. stock futures were pointing to slight gains on Wall Street on Monday as investors put the government shutdown behind them and focused on strong corporate earnings.
European stocks were trading mostly lower. Asian shares ended Monday's session with gains. Japan's Nikkei 225 index rose 0.9%.
2.-- The economic calendar in the U.S. Monday includes existing-home sales for September at 10 a.m. EDT.
3.-- U.S. stocks closed Friday with gains and the S&P 500 Index set another record close amid speculation the Federal Reserve will stick with its equity-bolstering stimulus program in lieu of tepid economic data releases.
The S&P 500 rose 0.7% to 1744.48, pushing the 2013 advance to 22%, its best performance to start a year since 1997. The Dow Jones Industrial Average gained a modest 0.18% to 15,399.26 while the Nasdaq surged 1.3% to 3914.28.
4.-- JPMorgan Chase
If the agreement is finalized it would be the government's highest-profile enforcement action related to the financial meltdown that plunged the economy into the deepest recession since the Great Depression of the 1930s.
The person told The Associated Press that Attorney General Eric Holder, Associate Attorney General Tony West, JPMorgan CEO Jamie Dimon and the bank's general counsel, Stephen Cutler, negotiated the tentative settlement in a Friday night phone call.
The person said the tentative agreement doesn't resolve a criminal investigation of the bank's conduct. It is being handled by federal prosecutors in Sacramento.
6.-- Hamburger giant McDonald's
7.-- Analysts expect chipmaker Texas Instruments
The software company removed the RT 8.1 update from the Windows Store, and in place of the update issued an apology for the problem, saying it was trying to resolve the situation quickly. Microsoft said the problem affected only a limited number of users.
9.-- The planned merger of Office Depot