Jobs Report and Fed Minutes Kick Off New Year On Wall Street

The earnings calendar will be somewhat light again

by Josh Selway

Published on Dec 28, 2017 at 1:00 PM
Updated on Dec 28, 2017 at 1:00 PM

The trading week again will be shortened due to New Year's Day on Monday. However, the market action should pick up substantially after that, with a number of notable economic updates set to hit the Street. Leading the way is the nonfarm payrolls report for December, which will come out on Friday. The Federal Open Market Committee's (FOMC) December meeting minutes should attract plenty of attention, too. Quarterly updates from Walgreens Boots Alliance Inc (NASDAQ:WBA) and Constellation Brands, Inc. (NYSE:STZ) are about as big as it gets on the earnings front.

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. 1, the stock market will be closed for New Year's Day.

Tuesday, Jan. 2, will bring Markit's purchasing managers manufacturing index (PMI), but no earnings releases.

For Wednesday, Jan. 3, investors will digest the latest Fed meeting minutes, the Institute for Supply Management's (ISM) manufacturing index, construction spending, and motor vehicle sales. For earnings, Rite Aid (RAD) and Commercial Metals (CMC) will report.

Weekly jobless claims come out on Thursday, Jan. 4, as does the ADP private-sector payrolls report, and the weekly update on domestic crude inventories. Monsanto (MON), Sonic (SONC), and Walgreens Boots Alliance (WBA) make up the earnings calendar.

The December nonfarm payrolls report highlights the action on Friday, Jan. 5. Investors will also digest international trade data, factory orders, and the ISM non-manufacturing index. Constellation Brands (STZ) rounds out the week's earnings releases.

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