Employment Data in Focus During Independence Day Week

A slew of jobs data is due out next week

by Lillian Currens

Published on Jun 24, 2020 at 3:34 PM

There is a slew of jobs data out next week, which will likely be at the forefront of investors' minds, especially as spiking COVID-19 rates jeopardize the success of the slow economic reopening. Wall Street will also keep an eye on home sales and manufacturing numbers for the month of June. The earnings slate is, once again, quite bare, though reports from chip giant Micron (MU), as well as FedEx (FDX), Constellation Brands (STZ), and General Mills (GIS) will all be due out. It will be a shorter-than-usual week, with markets closed on Friday in observance of the Fourth of July holiday.

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.

It will be relatively quiet on Monday, June 29, with pending home sales data on the docket and earnings from Micron. 

Tuesday, June 30 will bring the Case-Schiller home price index, the Chicago purchasing managers index (PMI), and the consumer confidence index. Acuity Brands (AYI), Conagra (CAG), and FedEx will report earnings. 

Things will start revving up on Wednesday, July 1, with the ADP employment report, the Markit manufacturing index, the ISM manufacturing index, data on construction spending, and auto sales all on tap. Quarterly reports from Capri Holdings (CRPI), Constellation Brands, and General Mills are also on tap. 

On Thursday, July 2 investors will look at nonfarm payrolls data, the unemployment rate for June, average hourly earnings numbers, the trade deficit, factory orders, and weekly jobless claims.

On Friday, July 3 markets will be closed in observance of Independence Day. 


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