November Kicks Off With Flurry of Economic Data

The week features a statement from Federal Reserve Chairman Jerome Powelll

Deputy Editor
Oct 28, 2021 at 1:00 PM
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The first week of November is plenty busy in terms of economic data, particularly mid-week, with earnings sprinkled in as well. Some notable names on tap are Carvana (CVNA), Clorox (CLX), Datadog (DDOG), DraftKings (DKNG), Etsy (ETSY), Lyft (LYFT), Marriott (MAR), Match Group (MTCH), Uber (UBER), and Zillow (ZG). 

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

Monday, Nov. 1 brings the final Markit manufacturing purchasing managers' index (PMI), along with the Institute for Supply Management (ISM) manufacturing index, and construction spending data.

There are no economic indicators of note on Tuesday, Nov. 2 besides a homeownership rate update.

Things get busy on Wednesday, Nov. 3, with the ADP employment report, Markit composite PMI, Markit service PMI, revised durable and core capital goods orders, factory orders, and the ISM non-manufacturing PMI due out. Investors will also be keeping an eye on the ISM services index, and a statement from Federal Reserve Chairman Jerome Powell. 

Initial and continuing jobless claims are due out on Thursday, Nov. 4, alongside the International trade deficit update and unit labor costs data. 

Friday, Nov. 5 features nonfarm payrolls, an unemployment rate update, and the consumer credit report.  

 

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