More Blue-Chip Earnings, Slew of Economic Data Closes Out January

Federal Reserve Chairman Jerome Powell will give a press conference, too

Deputy Editor
Jan 21, 2021 at 12:00 PM
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The first month of 2021 is set to end with a packed schedule, giving investors plenty to look forward to following an eventful beginning to the new year. Though Monday starts slow, Tuesday features the Federal Housing Finance Agency (FHFA) home price index, amongst other notable indexes. Midweek, there will be a press conference with Federal Reserve Chairman Jerome Powell, and another fresh batch of jobless data is due out. A plethora of data is slated for Friday, including the latest Chicago Purchasing Managers' Index (PMI).

The earnings front is as noisy as ever, with a mix of Dow components as well as big companies set to report. As far as the blue-chip bunch goes, 3M (MMM), Boeing (BA), McDonald's (MCD), Microsoft (MSFT), and Visa (V) will throw their hats in the earnings ring. Advanced Micro Devices (AMD), Starbucks (SBUX), and Tesla (TSLA) will step up to the plate as well.

Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.

Things begin slowly on Monday, Jan. 25, which is free of economic data.

Tuesday, Jan. 26 picks up the pace, with the Case-Shiller home price, FHFA home price, and consumer confidence indexes all due out.

Things will continue to heat up on Wednesday, Jan. 27. Durable and core capital goods orders are set to be released that day. In addition, the Federal Open Market Committee's (FOMC) two-day meeting will conclude with the latest decision on interest rates, as well as a press conference from Federal Reserve Chairman Jerome Powell.

Another batch of initial and continuing jobless claims data is set for Thursday, Jan. 28. Meanwhile, gross domestic product (GDP), new home sales, and leading economic indicators data are also expected, as well as an advance report on trade in goods.

Closing out the week with a bang, Friday, Jan. 29 features both the employment cost and final consumer sentiment indexes, and the Chicago PMI. Also on deck is personal income, consumer spending, and core inflation data.

 

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