As the trading day winds down, Host Josh Lipton outlines the key events investors should watch for Thursday, October 24.

The earnings season momentum continues with several major companies scheduled to report their quarterly results. Markets will receive reports from the United Parcel Service (UPS), Northrop Grumman (NOC), Capital One (COF), Keurig Dr Pepper (KDP), Tractor Supply Company (TSCO), and Deckers Outdoor (DECK).

On the economic front, September's new home sales data will take center stage. Economists forecast 720,000 units, a slight increase from August's 716,000. Initial Jobless Claims data will also be released, with analysts expecting a figure of 242,000.

Finally, investors will hear from Cleveland Federal Reserve President Beth Hammack, whose comments could provide insights into the Federal Reserve's outlook on monetary policy.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Angel Smith