Here are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.
The S&P/Case-Shiller's home price index is up first and then later in the morning, the Conference Board's consumer confidence survey. Economists polled by Dow Jones expect home prices nationally rose 3.1% year-over-year, but that consumer confidence eased a bit this month to 132.7 from 135.1 in August.The shoe giant will report after the bell Tuesday earnings of 71 cents a share for the last quarter, up 6.9% from a year earlier, according to UBS.
"Without Street EPS estimates increasing, we doubt Nike's near-peak 30x P/E can move much higher," wrote Jay Sole, UBS retail analyst in a recent note.President Donald Trump will address the United Nations General Assembly. While President Xi will not be there, the Chinese delegation will be in the same room with Trump for the first time since tensions heightened last month.
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