Fed Minutes, Jobs Data Dominate Next Week

The nonfarm payrolls report will punctuate a jobs-themed week, and stock traders will keep an eye on the Fed

by Andrea Kramer

Published on Mar 30, 2017 at 10:29 AM

Jobs and the Fed will be the stock market themes next week. The Federal Open Market Committee (FOMC) March meeting minutes will be released, and traders will undoubtedly pore over the data for clues to the next rate hike. Employment data will begin to trickle in on Wednesday, though Friday's nonfarm payrolls report will carry the most weight. On the earnings front, CarMax stock could move after the company reports, as could shares of Bed Bath & Beyond. Things will also heat up in the options world, as investors will be able to trade new Monday-expiring options on the S&P 500 Index (SPX).

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.

The week, month, and second quarter kick off on Monday, April 3, with the Institute for Supply Management (ISM) manufacturing index, the purchasing managers manufacturing index (PMI), and the latest consumer spending data. Richmond Fed President Jeffrey Lacker will speak after the close. The earnings docket is relatively quiet, but traders will be able to pick up new Monday-expiring weekly options on the SPX and E-mini SPX futures. 

On Tuesday, April 4, traders will mull over international trade data, March auto sales, and February factory orders. Acuity Brands (AYI) will report earnings.

Wall Street will get its first taste of jobs data on Wednesday, April 5, with the ADP employment report. The regularly scheduled crude inventories report and the ISM services index are also slated for release. The real buzz will come as traders dissect the FOMC's March meeting minutes. Bed Bath & Beyond (BBBY), Monsanto (MON), Walgreens Boots Alliance (WBA), and Yum China (YUMC) will headline the earnings calendar.

Weekly jobless claims will headline the economic calendar on Thursday, April 6. CarMax (KMX), Constellation Brands (STZ), Fred's (FRED), PriceSmart (PSMT), and Schnitzer Steel (SCHN) will step up to the earnings mic.

On Friday, April 7, the Labor Department's nonfarm payrolls report will punctuate a jobs-filled week. In addition, data on wholesale inventories and consumer credit will be released. The earnings calendar is quiet on Friday.

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