U.S. stocks are expected to have a calm start on Monday as investors await the latest updates concerning the labor market. Key data releases this week include the November payrolls and unemployment statistics, as well as the most recent job openings report.
As of 6:15 p.m. ET on Sunday, Dow Jones Industrial Average futures were up by 8 points or less than 0.1%. In contrast, the S&P 500 futures showed a slight decline of less than 0.1%, while Nasdaq Composite futures experienced a 0.2% decrease.
Earnings reports from various companies are also expected this week. On Monday, GitLab will share its financial results, followed by AutoZone, J.Jill, J.M. Smucker, Lands’ End, MongoDB, NIO, Signet Jewelers, Stitch Fix, and Toll Brothers on Tuesday.
Wednesday will see earnings releases from Brown-Forman, C3 AI, Campbell Soup, Chewy, GameStop, Ollie’s Bargain Outlet, United Natural Foods, and Veeva Systems. Thursday's notable reports include Broadcom, Cooper Cos., Dollar General, Lululemon Athletica, and RH.
In terms of economic events, the Bureau of Labor Statistics will publish the latest Job Openings and Labor Turnover Survey (JOLTS) report on Tuesday. Additionally, the Institute for Supply Management will release its Services Purchasing Managers’ Index for November.
Wednesday will bring the release of ADP's National Employment Report for November. On Thursday, the Labor Department will publish initial unemployment benefits claims for the week ending December 2.
Finally, Friday will feature the BLS jobs report for November, including nonfarm payrolls and the unemployment rate. The University of Michigan will also release the Consumer Sentiment Index for December on the same day.
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