The Week Ahead

Daily Freeman (Kingston, NY) - - BUSINESS -

On a roll

Strong de­mand for high-profit pickup trucks and SUVs has helped lift earn­ings for Gen­eral Mo­tors so far this year.

The au­tomaker, due to re­port third-quar­ter re­sults Tues­day, has also ben­e­fited from the pop­u­lar­ity of re­designed ve­hi­cles such as the Chevro­let Mal­ibu, Cruze sedans and the Cadil­lac XT5 SUV. Wall Street will be lis­ten­ing for any new de­tails on GM’s plans to roll out au­ton­o­mous ve­hi­cles since ac­quir­ing soft­ware com­pany Cruise Au­to­ma­tion.

Hous­ing bell­wether

The Com­merce De­part­ment’s lat­est hous­ing data should pro­vide in­sight into the state of the U.S. new-home mar­ket.

Sales slowed in Au­gust to a sea­son­ally ad­justed an­nual rate of 609,000 units af­ter surg­ing a month ear­lier to the fastest pace since Oc­to­ber 2007. De­spite the Au­gust pull­back, new home sales were run­ning 20.1 per­cent higher through the first eight months of this year. Septem­ber’s new home sales fig­ures are due out Wed­nes­day.

Ama­zon up­date

Ama­zon.com de­liv­ers its lat­est quar­terly fi­nan­cial re­sults Thurs­day.

Wall Street an­tic­i­pates that the e-com­merce gi­ant will re­port that its third-quar­ter earn­ings and rev­enue in­creased from a year ear­lier. Be­yond earn­ings, in­vestors will be lis­ten­ing for an up­date on the com­pany’s video stream­ing, gro­cery de­liv­ery and other busi­ness seg­ments.

AP

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