Retail Earnings Highlight Relatively Quiet Week

Initial and continuing jobless claims will be a point of focus

Deputy Editor
May 13, 2021 at 7:30 AM
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As we enter the latter part of May, it's going to be another relatively quiet week in terms of economic data. With that being said, this doesn't mean investors should expect to take a breather. Though there's not much on the docket, Thursday's initial and continuing jobs reports will be highly anticipated. Leading economic indicators are also due out, as well as the Federal Open Market Committee's (FOMC) latest meeting minutes. Earnings season is winding down, but the slate is still packed, with Applied Materials (AMAT) Carnival (CCL) Cisco Systems (CSCO), Foot Locker (FL), Home Depot (HD), Target (TGT), TJMaxx (TJX), and Walmart (WMT) all set to report. 

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

To start, Monday, May 17 brings the Empire State Manufacturing Index, alongside the National Association of Home Builders (NAHB) index.

On Tuesday, May 18, investors will digest the latest round of building permits and housing starts data.

A relatively bare day, due out on Wednesday, May 19 are the FOMC meeting minutes.

Thursday, May 20. comes with more initial and continuing jobless claims data. In addition, the Philadelphia Fed Manufacturing Index is due out, as well as leading economic indicators. 

Closing out the week, Friday, May 21 features the Markit manufacturing purchasing managers' index (PMI), Markit services PMI, and existing home sales.


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