GDP, Nike Earnings Try to Wrestle Spotlight From COVID-19

A fourth-quarter GDP reading is due out on Thursday

by Patrick Martin

Published on Mar 19, 2020 at 4:40 PM

Even though life for Americans has ground to a halt amid the coronavirus outbreak, the economic agenda still has plenty to offer investors next week. The final fourth-quarter gross domestic product (GDP) reading will be the highlight, as well as earnings reports from the likes of Nike (NKE) and Micron Technology (MU). And if that's not enough, there's a slew of inflation-related data for Wall Street to sift through. 

Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

On Monday, March. 23, traders will keep an eye on the Chicago Fed national activity index.

Due out on Tuesday, March 24 is data on new home sales, the Markit manufacturing Purchasing Managers' Index (PMI) and the Markit services PMI. Meanwhile, Nike, Carnival (CCL) and IHS Markit (INFO) will report earnings.

Wednesday, March 25, will bring weekly crude inventories, durable goods orders, and core capital orders. On the earnings docket for the day are reports from Micron Technology, Cronos Group (CRON), and Paychex (PAYX).

Thursday, March 26, will deliver weekly jobless claims and the final fourth-quarter GDP reading. BlackBerry (BBY), Canadian Solar (CSIQ), GameStop (GME), KB Home (KBH), Lululemon Athletica (LULU), and Signet Jewelers (SIG) will all step into the earnings confessional. 

The week ends on Friday, March 27 with data on personal income, consumer spending, core inflation, and the University of Michigan's consumer sentiment survey.

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