FedEx will also report earnings
Although it's been a sluggish September for stocks, the economic schedule next week has plenty on tap to liven things up. There will be housing data sprinkled throughout the week, along with quarterly earnings reports from FedEx (FDX) and semiconductor concern Micron Technology (MU). In addition, Friday will bring about the third quadruple witching day of the year.
On the global trade front, all eyes remain on icy tensions with China, as the global power is set to appear before the World Trade Organization (WTO) and ask for permission to impose sanctions against the U.S. Last week, President Donald Trump said that he was "ready to go" with tariffs on an additional $267 billion in Chinese goods "if he wants."
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.
Things will kick off quietly on Monday, Sept. 17 with the Empire State manufacturing survey. FedEx (FDX) and Oracle (ORCL) will report earnings.
On Tuesday, Sept. 18, the NAHB housing market index and Treasury International Capital (TIC) data are due. AutoZone (AZO), Cracker Barrel (CBRL), and General Mills (GIS) will release earnings.
The weekly crude inventories report, August housing starts, and the MBA mortgage index are slated for Wednesday, Sept. 19. Red Hat (RHT) steps into the earnings confessional.
Thursday, Sept. 20, is a busy day for economic data, with the Philadelphia Fed business outlook survey, weekly jobless claims, existing home sales data, the Fed's balance sheet, and the index of leading economic indicators all expected. For earnings, Micron (MU), Darden Restaurants (DRI), and United Natural Foods (UNFI) are expected to report.
It could be a hectic end to the week, too, headlined by quadruple witching on Friday, Sept. 21. Traders should also stay tuned for the Markit's flash composite purchasing managers index (PMI) and the Baker-Hughes rig count. There are no earnings to report. However, China is expected to ask the WTO's Dispute Settlement Body for permission to impose sanctions on the U.S.