Stocks are set for a subdued start to the week as investors eagerly anticipate key events in the coming days. The November consumer price index will be released on Tuesday, followed by the Federal Reserve’s interest rate decision on Wednesday.
Futures Snapshot
As of 6:20 p.m. ET on Sunday, here is a snapshot of the futures market:
- Dow Jones Industrial Average futures: +27 points (+0.1%)
- S&P 500 futures: +0.1%
- Nasdaq Composite futures: flat
Notable Earnings and Events
This week will see several notable earnings reports, including Casey’s General Stores and Oracle on Monday, Johnson Controls International on Tuesday, Adobe on Wednesday, Costco Wholesale and Lennar on Thursday, and Darden Restaurants on Friday.
In terms of economic events, the Bureau of Labor Statistics will unveil the consumer price index for November on Tuesday. Additionally, the National Federation of Independent Business will release its Small Business Optimism Index for November.
Federal Reserve’s Decisions
Wednesday is expected to be a significant day with multiple announcements from the Federal Reserve. The Federal Open Market Committee (FOMC) will reveal its federal-funds rate decision, followed by a press conference by Fed Chairman Jerome Powell. Furthermore, the FOMC will disclose its latest Summary of Economic Projections, commonly known as the dot plot. On the same day, the Bureau of Labor Statistics will publish the Producer Price Index for November.
Other Releases and Announcements
On Thursday, the Census Bureau will report retail sales data for November, while the Labor Department will release initial unemployment benefits claims for the week ending December 9th. Additionally, the European Central Bank and Bank of England will announce their respective monetary policy decisions.
Finally, on Friday, S&P Global will release both its Manufacturing and Services Purchasing Managers’ Indexes for December. Meanwhile, the Federal Reserve Bank of New York will unveil the Empire State Manufacturing Survey for December.
