Powell, Jobs Report Top Focus for New Year's Week

The nonfarm payrolls report for December will come out on Friday

by Lillian Currens

Published on Dec 27, 2018 at 11:29 AM
Updated on Dec 27, 2018 at 11:29 AM

Next week's schedule will be slightly abbreviated on Wall Street, with markets closed on Tuesday for New Year's Day. Despite the shortened week, Thursday and Friday will bring a flurry of economic data. Specifically, jobless claims, the Institute for Supply Management (ISM) manufacturing index, and the nonfarm payrolls report for December will all be released near the end of the week, and Fed Chair Jerome Powell will deliver a speech.

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 -- and the final trading day of 2018 -- will begin quietly on Monday, Dec. 31, with the Dallas Fed manufacturing survey.

On Tuesday, Jan. 1, markets will be closed for New Years Day. 

Wednesday, Jan. 2, will mark the first trading day of the New Year, with the ADP employment report, and the Markit's services purchasing managers index (PMI) slated for release. 

On Thursday, Jan 3, the economic schedule is set to pick up. Traders will digest data on motor vehicle sales and weekly jobless claims. The Institute for Supply Management (ISM) manufacturing index, construction spending, and the Fed's balance sheet are also due out. 

Friday, Jan. 4, will wrap up the holiday week with the December jobs report and weekly crude inventories. Powell will also give his speech, as will Atlanta Federal Reserve Bank President Raphael Bostic. AngioDynamics (ANGO) and Cal-Maine Foods (CALM) will enter the earnings confessional. 


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