Federal Budget Update in Focus as Holiday Season Picks Up

Investors will also be expecting another round of jobless data

Fernanda Horner

Digital Content Manager

Dec 3, 2020 at 11:38 AM

The market will show no signs of slowing down during the second week of December, with peak holiday season well underway and plenty of economic data for investors to unpack. The week will start off on a quiet note, though consumer credit, jobs opening and wholesale inventories data is scheduled to come out. And by the end of it, Wall Street will also be digesting a federal budget update, as well as jobless claims and consumer sentiment data.

As far as earnings are concerned, household names such as JinkoSolar (JKS), Stitch Fix (SFIX), and Chewy (CHWY) will report right at the beginning of the week, while Adobe (ADBE), Lululemon (LULU) and Oracle (ORCL) will step into the earnings confessional later on.

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 week starts off relatively slow on Monday, December 7, with consumer credit data due out.

On Tuesday, December 8, investors will be expecting productivity revisions, as well as unit labor costs data.

By Wednesday, December 9, attention will shift to jobs openings and wholesale inventories data.

The pace picks up on Thursday, December 10, with weekly jobless claims on tap. In addition, a federal budget update and Consumer Price Index (CPI) data will be reported.

The weeks wraps up on Friday, December 11, with producer price index (PPI) and consumer sentiment data.

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