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 Fed 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 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 are 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 potential catalyst for the chipmaking giant's stock.
Delta Air Lines (DAL) will be releasing its quarterly earnings report this week, along with Jefferies Financial (JEF), Albertsons (ACI), 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 Calendar
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 added 227,000 positions in the prior month, more than economists had projected. However, the unemployment rate also ticked 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 worsening inflation data, could give officials a tough decision on whether to cut again rates when the Fed next meets in late January.
Coming earlier in the week is ADP private-sector employment data. The Labor Department moved 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 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 Patrick Harker and Kansas City Fed President Jeffrey Schmid.
Other noteworthy data releases this week include Friday’s preliminary report on consumer sentiment in December, trade deficit data and service sector Purchasing Manager Index (PMI) surveys on Tuesday and consumer credit updates on Wednesday.
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 Blackwell GPUs, which are used to power generative artificial intelligence (AI) processes like 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 “insane” demand. On Nvidia’s earnings call in November, Huang said Nvidia expects to deliver more Blackwell platforms in the currentquarter 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 2026.
CES comes after Nvidia’s stock wrapped up a stellar 2024. Despite shares entering 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 up their AI data-center and cloud computing infrastructure. Last year's big gain for Nvidia came on the heels of a 240% stock-price increase in 2023.
Delta Air Lines, Walgreens Lead Corporate Earnings
Several corporate earnings reports are scheduled for release this week, including a handful that were moved from Thursday due to the markets closure for the national day of mourning.
On Tuesday, Cal-Maine Foods will report earnings as rising egg prices sent its prior quarterly revenue higher by more than 70% as strains of bird flu have helped send egg prices higher in recent months.
Jefferies Financial Group, which operates a similar business model to Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) conglomerate, is scheduled to release its quarterly financial data on Wednesday.
Other noteworthy reports this week include beer maker Constellation Brands, industrial chemical producers RPM International and WD-40, and home builder KB Home.
