Several noteworthy earnings reports are due out
The economic calendar is looking crowded as December heads into its latter half, with the latest interest rate decision due out from the Federal Open Market Committee (FOMC). A handful of other big reports are also due, including U.S. retail sales, S&P flash Purchasing Managers' Index (PMI) data, and existing homes sales, and core Personal Consumption Expenditures (PCE). The Philadelphia Fed manufacturing survey is also expected.
Earnings will slow down significantly next week, though a few names are expected to report. On the list is CarMax (KMX), Conagra (CAG), Darden Restaurants (DRI), FedEx (FDX), General Mills (GIS), Lennar (LEN), Micron Technology (MU), and Nike (NKE).
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, December 16 will sport the Empire State manufacturing survey and both the services and manufacturing S&P flash U.S. PMI.
U.S. retail sales, industrial production, and the homebuilder confidence index will release on Tuesday, December 17.
Wednesday, December 18 housing starts, building permits and the latest FOMC interest rate decision will come, followed by a press conference by Fed Chair Jerome Powell.
On the docket for Thursday, December 19 is jobs data, existing home sales, a second revision of the gross domestic product (GDP) report, and the Philadelphia Fed manufacturing survey.
Personal income and spending, the PCE and core PCE index, as well as consumer sentiment are all scheduled for Friday, December 20.