Fed Update, Jobs Data In Focus During Memorial Day Week

The markets will be closed on Monday for Memorial Day

Assistant Editor
May 27, 2021 at 12:30 PM
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As May comes to a close and June gets underway, investors have no shortage of economic data and earnings to look forward to. They'll have to stave off their anticipation though, as the markets are closed on Monday in observance of Memorial Day. Once markets reopen on Tuesday, the deluge of data includes an update to the Federal Reserves latest Beige Book report, more initial and continuing jobless claims data, and an ADP employment report.

A few more earnings reports will trickle in as earnings season starts to wind down. Some highlights include quarterly reports from Broadcom (AVGO), Canopy Growth (CGC), Cloudera (CLDR), Lululemon Athletica (LULU), and Zoom Video (ZM)

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 markets will be closed on Monday, May 31 in observance of Memorial Day.

Markets will reopen on Tuesday, June 1, with the final Markit manufacturing purchasing managers' index (PMI), the ISM manufacturing index, and data on construction spending. on tap 

The Federal Reserve's latest Beige Book report is due out on Wednesday, June 2, as is data concerning motor vehicle sales.

Thursday, June 3 is absolutely packed, complete with initial and continuing jobless claims data, the ADP employment report, and a productivity revision. In addition, the ISM services index, the final Markit services PMI, and a revision to unit labor costs will be reported.

Going out with a bang, Friday, June 4 features nonfarm payrolls, a monthly unemployment rate update, average hourly earnings data, and factory orders numbers.

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