AMD earnings, Caterpillar, Anheuser Busch InBev: 3 things to watch

Investing.com -- Stocks staged a rally to start the week, which features the Federal Reserve's latest decision on interest rates, the October job report, and a slew of corporate earnings including Apple (NASDAQ:AAPL).

Futures traders expect the Fed will hold rates steady when it announces its decision on Wednesday, though investors will be closely listening to what Chair Jerome Powell says during the afternoon press conference for clues about the next few months. It's possible the Fed could keep the option open of raising rates one more time this year as it continues to fight inflation despite stronger than expected data on economic growth.

The job opening report and the ADP private payrolls report will come before Friday's government nonfarm payrolls report and could set expectations. Job openings are expected to be about the same as they were the prior reading. Analysts expect Friday's job report won't be as strong as the September report.

Corporate earnings could also set the tone for stocks this week. Chip makers Advanced Micro Devices and Qualcomm (NASDAQ:QCOM) follow Intel (NASDAQ:INTC)'s report and will give a better sense on the health of the chip sector, while Apple's earnings are expected to provide a reading on consumer demand, especially since the introduction of its latest iPhone model. 

Here are three things that could affect markets tomorrow:

1. Advanced Micro Devices 

The chip maker Advanced Micro Devices Inc (NASDAQ:AMD) is expected to report earnings per share of 68 cents on revenue of $5.7 billion.

2. Caterpillar reports

Equipment maker Caterpillar Inc (NYSE:CAT) is expected to report earnings per share of $4.80 on revenue of $16.56 billion.

3. Anheuser Busch InBev

Budweiser maker Anheuser Busch Inbev (EBR:ABI) NV ADR (NYSE:BUD) is expected to report earnings per share of 84 cents on revenue of $15.7 billion.