Equities ended last week mixed, with the tech-heavy Nasdaq Composite index rising 0.5%, while the S&P 500 fell 0.3%. Treasury yields got a temporary reprieve late in the week from their recent relentless rise, as a better-than-feared inflation report and worse-than-expected jobs report had Wall Street reassessing the path of the federal-funds rate.

This week is light on obvious market catalysts as there is no tier-one economic data release and the earnings calendar is light. But it will be a brief respite ahead of the third-quarter earnings season, which will unofficially start when the big banks report results on Oct. 13.

Three S&P 500 companies will release earnings this week: Constellation Brands on Tuesday, PepsiCo on Thursday, and Delta Air Lines on Friday.

On Monday, the Institute for Supply Management will release its Services Purchasing Managers' Index, and the Federal Open Market Committee will releases the minutes from its mid-September meeting. On Friday, the University of Michigan will releases its Consumer Sentiment survey.

Monday 10/5

The Institute for Supply Management releases its Services Purchasing Managers' Index for September. Consensus estimate is for a 55 reading, slightly lower than in August.

Tuesday 10/6

Constellation Brands, Lamb Weston Holdings, and RPM International report quarterly results.

Wednesday 10/7

Applied Digital and Levi Strauss release earnings.

The Federal Open Market Committee releases the minutes from its mid-September monetary policy meeting. At that meeting the FOMC unanimously voted to raise the federal funds rate by a quarter of a percentage point to 3.75% to 4%. With the release of last week's better-than-expected inflation report and weaker-than-expected jobs report, traders are pricing in a 20% chance that the central bank will raise interest rates at its late-October meeting, down from a 65% chance last week.

Thursday 10/8

PepsiCo announces quarterly results.

Friday 10/9

Delta Air Lines reports earnings.

The University of Michigan releases its Consumer Sentiment index for October. Economists forecast a 47.7 reading, roughly half a point less than the September data. Consumer sentiment remains in the doldrums, with the Conference Board's measure hitting a 12-year low last week. One reason could be that the year-over-year change in average hourly earnings has lagged behind inflation for five consecutive months.