First Week of May Kicks Off at Height of Earnings Season

A deluge of economic indicators will be in focus next week

Digital Content Manager
Apr 29, 2021 at 1:00 PM
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Kicking off in the middle of the earnings season, the first week of May will be a busy one for Wall Street. Among the multiple economic indicators that are on the schedule, traders will be paying special attention to trade deficit data, a fresh ADP employment report, the Markit manufacturing and services purchasing managers' indexes (PMI), jobless claims, and nonfarm payrolls. The earnings docket is packed, too, with reports from the likes of Chegg (CHGG), Etsy (ETSY), Cloudflare (NET), Fastly (FSLY), Lyft (LYFT) and Pfizer (PFE).

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

There will be no shortage of economic indicators on Monday, May 3, as investors look ahead to the final Markit manufacturing PMI, as well as the ISM manufacturing index. Plus, construction and motor vehicles sales (SAAR) data  is set to come out.

Tuesday, May 4, will be quieter, with only trade deficit data and factory orders on tap.

On Wednesday, May 5, much of the attention will shift to the latest ADP employment report. The day also brings the Markit services PMI, as well as the ISM services index.

A fresh round of initial and continuing jobless claims is due out on Thursday, May 6. Additionally, data on productivity and unit labor costs is scheduled for release as well.

Finally, Friday, May 7, features nonfarm payrolls, an update on the unemployment rate, and average hourly earnings. Wholesales inventories and consumer credit data is also due out.

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