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What to Expect in the Markets This Week

Coming up: Thanksgiving holiday; ♌PCE inflation; Fed minutes; Q3 GDP revisions; Dell, CrowdStrike earnings

A Dell laptop at a Best Buy store in Texas in 2023.

 Brandon Bell / Getty Images

Key Takeaways

  • Markets are closed Thursday for Thanksgiving, with bond markets closing early at 2 p.m. EST on Friday.
  • PCE Inflation for October is on tap for Wednesday. Third-quarter GDP, November Fed meeting minutes, consumer confidence and housing market data are also coming this week.
  • Dell Technologies, CrowdStrike, HP, and Analog Devices will release their earnings reports before the Thanksgiving holiday. 

Markets are closed on Thursday for the Thanksgiving holiday, while bond markets will close early on Black Friday, one of the biggest shopping days of the year.

Before that, investors will get key economic data on Wednesday with the release of the 澳洲幸运5官方开奖结果体彩网:Personal Consumptiꦜon Expenditures (PCE) inflation index for October. Third-quarter 澳洲幸运5官方开奖结果体彩网:Gross Domestic Product (GDP) and minutes for the November meeting of the Federal Reserve will also attract investor interest. Consumer confidence and housing market data are🌟 also on tap.

Earlier in the week, earnings reports from tech firms Dell Technologies (DELL), CrowdStrike (CRWD), HP (HPQ), and Analog Devices (ADI) w🍬ill be am𝔉ong the highlights of the corporate calendar.

Monday, Nov. 25

  • Agilent Technologies (A), Zoom Video Communications (ZM), and Bath & Body Works (BBWI) report earnings

Tuesday, Nov. 26

  • S&P Case-Shiller Home Price Index (September)
  • Consumer confidence (November)
  • New home sales (October)
  • Minutes of the Federal Open Market Committee November meeting
  • Analog Devices (ADI), Dell Technologies (DELL), CrowdStrike (CRWD), Workday (WDAY), Autodesk (ADSK), HP (HPQ), Best Buy (BBY), and Burlington Stores (BURL) report earnings

Wednesday, Nov. 27

  • Initial jobless claims (Week ending Nov. 23)
  • Durable-goods orders (October)
  • Advanced retail inventories (October)
  • Advanced wholesale inventories (October)
  • 3Q Gross Domestic Product (first revision)
  • Personal Consumption Expenditures (PCE) inflation index (October)
  • Pending home sales (October)

Thursday, Nov. 28

  • Thanksgiving Holiday


Friday, Nov. 29

  • Bond market closes at 2 p.m. EST
  • Chicago Business Barometer (November)

PCE Infl💦ation Data, Q3 GDP Updates, Fed Meeting Minutes Wಌill Be Highlights of Thanksgiving Week

It’s a holiday-shortened trading week. On Thursday, markets are closed for Thanksgiving🐼, while the bond market will close at 2 p.m. on Friday. 

Investors will get a key inflation update on Wednesday with the release of the October Personal Consumption Expenditures (PCE) price index. The reading will follow September's report showing that inflation was nearly at the Federal Reserve’s tar🍌get of 2%. However, other measurements have indicated that price pressures 澳洲幸运5官方开奖结果体彩网:could be edging higher, and Fed offic𒉰ials have said they will be closely watching inflation as they consider further lowering interest rates. 

Also on Wednesday, the first revision to the third-quarter 澳洲幸运5官方开奖结果体彩网:gross domestic product (GDP) will show whether there are any adjustments to initial estimates indicating that the 澳洲幸运5官方开奖结果体彩网:economy👍 grew 2.8% from the prior qu🐈arter

On Tuesday, the Federal Reserve will release the minutes of the November meeting of the 澳洲幸运5官方开奖结果体彩网:Federal Open Market 🔴Committee (FOMC). The report will provide details about the committee members' discussion during the Nov. 6-7 meeting, during which officials 澳洲幸运5官方开奖结果体彩网:voted to lower interest rates by a quarter percentage point, and may offer insights into what's next for th🌞e Fed's rate-cut plans.  

The consumer confidence report on Tuesday will indicate the public's reaction to the election of Donald Trump following the October survey which showed its 澳洲幸运5官方开奖结果体彩网:biggest jump in three years. Tuesday will also feature several noteworthy housing reports, including the S&P Case-Sওhiller Home Price Index and data on new home sales. 

Earnings Calend🍌ar Features Tech Firms 🦄Dell, HP, CrowdStrike

While there are fewer results due during the holiday-shortened week as 澳洲幸运5官方开奖结果体彩网:earnings season winds down, several noteworthy technology companies will be disclosing their numbers.&nbs🐻p;

On Tuesday, computer maker Dell Technologies (DELL) will deliver its quarterly earnings as analysts have become more enthusiastic about the 澳洲幸运5官方开奖结果体彩网:company’s opportunity for long-term 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) gains. HP’s report on the same day will also highlight 澳洲幸运5官方开奖结果体彩网:sales ofꦗ AI-enabled PCs and servers, while tech sales will be a focus in the report f🍒rom retailer Best Buy.

CrowdStrike’s earnings come as the cybersecurity provider’s share price recovers after it fell following a 澳洲幸运5官方开奖结果体彩网:major service outage this summer

Analog Devices will also report on Tuesday as the semiconductor maker looks to improve upon its prior quarterly report, where it reported a 25% 澳洲幸运5官方开奖结果体彩网:year-over-year decline in revenue, which was be♍tter than estimates of analysts polled by Visible Alpha. 

Laboratory supplies maker Agilent Technologies will report its quarterly earnings on Monday, along with Zoom Video Communications which posted 澳洲幸运5官方开奖结果体彩网:better-than-expected prof🃏it and sales and set a record for customer retention in its prior quarter. Retailers Burlington Stores and Bath & Body Works also report this week.

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  2. Zoom Video Communications. “.”

  3. Bath & Body Works. “.”

  4. MarketWatch. “.”

  5. Conference Board. “.”

  6. U.S. Census Bureau. “.”

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  9. Dell Technologies. “.”

  10. CrowdStrike. “.”

  11. Workday. “.”

  12. Autodesk. “.”

  13. HP. “.”

  14. Best Buy. “.”

  15. Burlington Stores. “.”

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