Business week ahead, Dec. 25-29
Post-Christmas sales could make Tuesday one of the year's busiest shopping days. Credit: Howard Schnapp
KEY EVENT: Ringing out the year. Although it’s a typically quiet post-Christmas week, there are several important local and national economic releases, including an update on Long Island employment, two closely followed housing market reports and a fresh look at how confident the consumer is as the year heads to its end.
MONDAY: World financial markets closed for Christmas.
TUESDAY: Stores and malls reopen for returns — and after-Christmas sales. Retailer analytics firm ShopperTrak predicts Dec. 26 will be the fourth largest shopping day of 2017.
WEDNESDAY: The state Labor Department releases unemployment rates for Nassau, Suffolk and Long Island as a whole. Also, November pending home sales from the National Association of Realtors and October home prices from S&P CoreLogic Case-Shiller. And December consumer confidence from The Conference Board.
THURSDAY: Jobless benefits claims for the week ended Dec. 23 from the U.S. Labor Department.
FRIDAY: The last day of stock trading in 2017. The Dow, S&P and Nasdaq are each poised for a yearly gain, as is the Newsday Long Island Index, the benchmark gauge of the Island’s 30 biggest companies by stock market value. Each of the indexes set all-time highs this month.
Wegmans using facial recognition ... Proposed Long Beach apartment upgrades ... "Torso killer" admits to another murder ... Learning to fly the trapeze
Wegmans using facial recognition ... Proposed Long Beach apartment upgrades ... "Torso killer" admits to another murder ... Learning to fly the trapeze
