Earnings from Bed Bath & Beyond, Conagra and Walgreens Boots Alliance are on the docket
The first week of 2021 will be packed full of economic indicators for investors to digest. The weeks starts off with the Markit manufacturing Purchasing Manager's Index (PMI) and the ISM manufacturing index. The non-manufacturing index, as well as the first jobless claims data of the year will round out the week. Plus, traders will be keeping a close eye on the ADP employment report, as well as the employment rate and average hourly earnings updates. The Fed's latest meeting minutes are also on tap next week.
Meanwhile, the earnings docket finally looks a bit fuller after a relatively quiet period. A number of names will enter the earnings confessional right as the year begins, including Jefferies (JEF) and Acuity Brands (AYI). Also expect to hear from Bed Bath & Beyond (BBBY), Conagra (CAG) and Walgreens Boots Alliance (WBA).
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
The week kicks off on Monday, Jan. 4, with the Markit manufacturing PMI and construction spending data on tap.
Tuesday, Jan. 5, brings the ISM manufacturing index, as well as motor vehicle sales data.
The market heats up on Wednesday, Jan. 6, as traders get ready to unpack the latest ADP employment report. In addition, factory orders data, and the Markit services PMI will be released. The latest meeting minutes from the Federal Open Market Committee (FOMC) are also coming out.
Economic activity shows no signs of slowing down on Thursday, Jan. 7, with the first round of jobless claims data of the year due out. That same day, investors will be looking at trade deficit data for November, and the ISM non-manufacturing index.
Friday, Jan. 8 is packed to the brim as well, starting with unemployment rate data and an average hourly earnings update for December. Nonfarm payrolls are also expected to come out, in addition to inventories and consumer credit data.