Key Takeaways
- The stock market and federal agencies will close on Thursday for the funeral of former U.S. President Jimmy Carter.
- The December jobs report comes out on Friday, with data on private-sector employment and initial jobless claims also set for release.
- The minutes for the December Federal Open Market Committee (FOMC) meeting are scheduled for release Wednesday, while several Fed representatives are scheduled to speak.
- Nvidia CEO Jensen Huang will deliver a keynote address at a major consumer electronics trade show on Monday.
- Delta Air Lines, Jefferies Financial, Albertsons, Walgreens Boots Alliance, and KB Home are scheduled to report earnings this week.
Trading hours will be shortened this week with the Thursday national day of mourning for former U.S. President Jimmy Carter, which will close stock markets and federal agencies for the day, and some bond markets early. Several events on that day's calendar were rescheduled, with other changes possible.
Investors will be tuned in Friday for the U.S. jobs report for December, with private-sector employment data coming earlier in the week. On Wednesday, minutes for the Federal Open Market Committee (FOMC) meeting in December will shine a light on officials' deliberations on interest rates. Federal Reserve Govs. Christopher Waller and Michelle Bowman, along with Philadelphia F🍃ed President Patrick Harker and Kansas City Fed President Jeffrey Schmid, are among this week's scheduled speakers.
The Institute for Supply Management (ISM) will release its December services sector 澳洲幸运5开奖号码历史查询:Purchasing Managers Index (PMI) on Tuesday, while the Fed is scheduled to release consumer credit data on Wednesday. U.S. trade deficit data and preliminary December consumer sentiment survey results ജare also coming this week.
On the corporate news front, Nvidia (NVDA) Chief Executive Officer Jensen Huang will deliver the opening keynote at the CES consumer electronics trade show in Las Vegas on Monday, with many analysts viewing the event as a 澳洲幸运5开奖号码历史查询:potential catalyst for the 澳洲幸运5开奖号码历史查询:chipmaking giant's stock.
Delta Air Lines (DAL) will be releasing its quarterly earnings report this week, along with Jefferies Financial (JEF), Albertsons (), and Walgreens Boots Alliance (WBA).
Monday, Jan. 6
- Factory orders (November)
- Federal Reserve Gov. Lisa Cook delivers remarks
- Commercial Metals (CMC) reports earnings
- Nvidia CEO Jensen Huang delivers keynote address at CES in Las Vegas.
Tuesday, Jan. 7
- U.S. trade deficit (November)
- ISM services sector PMI (December)
- Job openings (November)
- Richmond Fed President Tom Barkin delivers remarks
- RPM International (RPM) and Cal-Maine Foods (CALM) report earnings
Wednesday, Jan. 8
- Initial jobless claims (Week ending Jan. 4)
- ADP employment report (December)
- December Federal Open Market Committee (FOMC) meeting minutes
- Consumer credit (November)
- Federal Reserve Gov. Christopher Waller delivers remarks
- Jefferies Financial, Acuity Brands (AYI), Albertsons Cos, and Simply Good Foods (SMPL) report earnings
Thursday, Jan. 9
- Stock markets and federal government close for memorial for former U.S. President Jimmy Carter
- Bond markets may close at 2 p.m. ET
- Wholesale inventories (November)
- Federal Reserve Gov. Michelle Bowman, Philadelphia Fed President Patrick Harker, Richmond Fed President Tom Barkin, and Kansas City Fed President Jeffrey Schmid deliver remarks
- ServiceTitan (TTAN) and KB Home (KBH) report earnings
Friday, Jan. 10
- U.S. employment report (December)
- Consumer sentiment (preliminary) (January)
- Delta Air Lines, TD SYNNEX (SNX), Constellation Brands (STZ), Walgreens Boots Alliance, and WD-40 (WDFC) reports earnings
Jobs Report, FOMC Minutes🦩 Highlight Economic ꩲCalendar
Trading will🐻 be shortened this week for a national day of mourning on Thursday to honor former President Carter. Stock markets and the federal government will be closed, while some bond markets may close at 2 p.m. ꧋ET. More schedule changes could occur to accommodate the memorial.
On Friday, market watchers will be following December’s job numbers, which come after employers 澳洲幸运5开奖号码历史查询:added 227,000 positions🌃 in the💟 prior month꧅, more than economists had projected. However, the unemployment rate also tick🍒ed higher in the month.
After cutting interest rates in three consecutive meetings, Federal Reserve officials will be closely examining the jobs data for signs of underlying weakness in the labor market. A strong jobs report, along with 澳洲幸运5开奖号码历史查询:worsening inflation data, could 澳洲幸运5开奖号码历史查询:give officials a tough decision on whether to cut again rates when the Fed nex🐠t𝐆 meets in late January.
Coming earlier i🐈n the week is ADP private-sector employment data. The Labor Department mo🔯ved up the release date for weekly initial jobless claims to Wednesday.
Also on Wednesday, the Federal Reserve will release the minutes for its December meeting of the FOMC. The meeting notes will provide insight into officials’ deliberations, which included a dissenting vote on the central bank’s 澳洲幸运5开奖号码历史查询:decision to again cut interest ﷽rates at its final meeting of the year. Investors will also hear from several Federal Reserve speakers, including Federal Reserve Govs. Christopher Waller and Michelle Bowman, Philadelphia Fed President Patri﷽ck Harker and Kansas City Fed President Jeffrey Schmid.
Other noteworthy data releases this week include Friday’s preliminary report on c♈onsumer sentiment in December, trade deficit data and service sector Purchasing Manager Index (PMI) surveys on Tuesday and consumer credit updates on Wednesdaꦗy.
Nvidia CEO's Keynote at CES in Focus Monday
Huang is scheduled to speak Monday evening in Las Vegas, where the spotlight will be on Nvidia’s 澳洲幸运5开奖号码历史查询:Blackwell GPUs, which are used to power generative artificial intelligence (AI) processes like 澳洲幸运5开奖号码历史查询:large language models (LLMs).
Analysts at Citi said in late November that they expect Nvidia to raise sales expectations for Blackwell as the company works to meet what Huang has called 澳洲幸运5开奖号码历史查询:“insane” demand. On Nvidia’s 澳洲幸运5开奖号码历史查询:earnings call in November, Huang said Nvidia expects to deliver 澳洲幸运5开奖号码历史查询:more Blackwell platforms in the current quarter than previously estimated.
Citi also expects Huang to discuss a demand inflection in AI robotics “around warehouses, manufacturing, and humanoid AI robots.” The company may also discuss Rubin, a successor to Blackwell chips that Huang unveiled in June and said would release in 20🔯26.
CES comes after Nvidia’s stock wrapped up a stellar 2024. Despite shares entering 澳洲幸运5开奖号码历史查询:correctiont territory last month, Nvidia stock surged about 170% in 2024 as Big Tech customers—including Microsoft (MSFT), Meta Platforms (META), and Alphabet’s (GOOGL) Google—beefed u๊p their AI data-center and cloud computing infrastructur🥂e. Last year's big gain for Nvidia came on the heels of a 240% stock-price increase in 2023.
Delta Air Lines, Walg🍌reens Lead Corporate Earnings
Several corporate earnings reports are scheduled for r﷽elease this week, including a handful that were moved from Thursday due🌼 to the markets closure for the national day of mourning.
Delta Air Lines will report its quarterly earnings on Friday following a 澳洲幸运5开奖号码历史查询:disappointing quarter that was dragged down by a 澳洲幸运5开奖号码历史查询:global IT outage resulting in costs of around $500 million. However, the airline said that it expects 澳洲幸运5开奖号码历史查询:increased travel from premium conﷺsumers in 2025.
On Tuesday, Cal-Maine Foods will report earnings as rising egg prices sent its prior 澳洲幸运5开奖号码历史查询:quarterly revenue higher by more than 70% as strains of bird flu have helped send 澳洲幸运5开奖号码历史查询:egg prices higher in recent months.
The Wednesday report from Albertsons comes as it 澳洲幸运5开奖号码历史查询:ended its merger agreement with Kroger (KR) after a 澳洲幸运5开奖号码历史查询:federal court blocked the proposed m𝕴erger between the grocery-store chains.
Jefferies Financial Group, which operates a 澳洲幸运5开奖号码历史查询:similar business model to Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) conglomerate, is scheduled to rele🗹ase its quarterly financial data on Wednesday.
The Friday report from Walgreens Boots Alliance comes amid reports of the 澳洲幸运5开奖号码历史查询:possible sale of the strugglin♊g pharmac𒆙y chain to a private equity firm.
Other noteworthy reports this week include 澳洲幸运5开奖号码历史查询:beer maker Constellation Brands, industrial chemical producers RPM International and WD-40, and home builder KB 𝓰Home.