his week will be a holiday-shortened one in the U.S., with the Thanksgiving holiday on Thursday. On Wednesday, investors can expect data on October new home sales, a PMI reading from S&P Global, and the final reading of the University of Michigan’s Consumer Sentiment Index (MCSI). Also, the Federal Reserve will release meeting minutes from the FOMC’s latest monetary policy meeting. Earnings reports this week will arrive from Dell Technologies, Zoom, Dollar Tree, HP, Baidu, Dick’s Sporting Goods, and Nordstrom, among others.
The day after Thanksgiving is Black Friday in the U.S., a day filled with shopping deals and discounts that typically marks the beginning of the holiday shopping season. Economists often view Black Friday shopping as a key bellwether for the retail sector and overall consumer confidence. Analysts project that stubbornly high inflation and ongoing supply chain bottlenecks could adversely affect consumers and retailers this holiday season, as consumer purchasing power has declined while stores grapple with higher costs and declining revenues.
- It will be a holiday-shortened week in the U.S., with markets closing for the Thanksgiving holiday; markets will also close early on Friday
- The Federal Reserve will release meeting minutes from the FOMC's latest policy meeting, conducted earlier this month, on Wednesday
- Also on Wednesday, the University of Michigan will release the final November reading of its Consumer Sentiment Index (MCSI), tracking consumer confidence
- Economists will closely monitor Black Friday shopping activity next week, which is viewed as a key bellwether of consumer confidence and retail sector strength heading into the holiday season
Originally published on Investopedia.com