Next week's earnings schedule is lighter than usual, but some key economic reports are due out
Trading volume is likely to be low during Monday's shortened session, which precedes a July 4 recess on Tuesday. The earnings agenda is very light for the week, but the Wednesday release of Fed minutes and Friday's nonfarm payrolls report for June will keep traders on their toes.
Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
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Monday, July 3, construction spending and auto sales reports are due out, along with the ISM manufacturing index. St. Louis Fed President James Bullard will speak in London. International Speedway's (ISCA) quarterly report will hit the Street ahead of the open, but the earnings calendar is otherwise bare as the NYSE and Nasdaq prepare for an early 1 p.m. ET close.
After Tuesday's holiday break, It will be a slow start on Wednesday, July 5; factory orders are out after the market opens, while the latest Federal Open Market Committee (FOMC) meeting minutes aren't released until 2 p.m. ET. Earnings reports from Herman Miller (MLHR), PriceSmart (PSMT), and Yum China (YUMC) are expected.
Thursday, July 6 is busier. The holiday-delayed ADP private sector payrolls report hits shortly before weekly jobless claims. The ISM non-manufacturing index is also due, as well as the weekly crude inventories report and international trade data. Additionally, San Francisco Fed President John Williams and Fed Governor Jerome Powell have speeches planned. AZZ (AZZ) and Cherokee (CHKE) are reporting earnings.
Friday, July 7 will bring the Labor Department's jobs report for June, including nonfarm payrolls, wages, and the unemployment rate. There are no notable earnings reports due.