December's Fed meeting minutes and jobs data will be in focus over the holiday-shortened week
Next week, 2017 will kick off with a shortened week of trading, as markets will be shuttered Monday in observance of the New Year's holiday. The earnings calendar for the week is quiet, with few big names due to report. On the economic side, the Federal Reserve will take center stage Wednesday, with the minutes from December's highly watched Federal Open Market Committee (FOMC) meeting set for release. At week's end, traders will be watching for the latest nonfarm payrolls report, due Friday morning.
Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
On Monday, Jan. 2, markets will be closed in observance of New Year's. The Markit purchasing managers manufacturing index (PMI) and the Institute for Supply Management's (ISM) manufacturing index will be released on Tuesday, Jan. 3, as will data on construction spending. No earnings are on tap.
Motor vehicles sales and the ADP private sector employment report will hit the Street on Wednesday, Jan. 4. All eyes will be on the Fed in the afternoon, however, when the minutes from last month's FOMC meeting will be released. The week's relatively quiet earnings calendar will kick off with results from Sonic (SONC).
Thursday, Jan. 5 will bring weekly jobless claims, the ISM's non-manufacturing index, and the weekly crude inventories report -- delayed by a day due to Monday's holiday. Constellation Brands (STZ), Monsanto (MON), and Walgreen Boots Alliance (WBA) will step into the earnings spotlight.
Wrapping up the week on Friday, Jan. 6 will be the Labor Department's nonfarm payrolls report, as well international trade data and factory orders. Chicago Fed President Charles Evans and Richmond Fed President Jeffrey Lacker are also due to speak. AngioDynamics (ANGO) is among a short list of companies set to report quarterly earnings.
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