Making headlines next week will undoubtedly be the third-quarter gross domestic product (GDP) report, slated for Friday, Dec 20. The Job Openings and Labor Turnover Survey (JOLTS) and several manufacturing updates are also due, with a handful of notable earnings on the docket, as well. Some names sharing quarterly results will be blue chip Nike (NKE), Olive Garden parent Darden Restaurants (DRI), chipmaker Micron Technology (MU), shipping giant FedEx (FDX), and Cheerios maker General Mills (GIS).
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 IHS Markit flash composite purchasing managers index (PMI) will debut on Monday, Dec. 16, alongside the National Association of Home Builders (NAHB) housing market index and Empire State manufacturing index. The earnings slate is bare.
On Tuesday, Dec. 17, housing starts and JOLTS are expected on the economic front. Meanwhile, earnings will be heard from FDX, Navistar (NAV), and Steelcase (SCS).
For Wednesday, Dec. 18, weekly crude inventories are due. On the earnings slate are GIS, Herman Miller (MLHR), MU, and Paychex (PAYX).
Weekly jobless claims, the Philadelphia Fed manufacturing index, and existing home sales are due out Thursday, Dec. 19. A busier day for earnings includes NKE, Accenture (ACN), Carnival (CCL), Conagra (CAG), DRI, and Rite Aid (RAD).
Friday, Dec. 20, will be headlining the week on the economic front, as the third-quarter GDP report, personal income and spending data, and the University of Michigan consumer sentiment reading are scheduled. BlackBerry (BB) and CarMax (KMX) will share quarterly results.