KEY EVENT: The national jobs report released earlier this month showed far better-than-expected hiring in December. Did Long Island employers also join in on the end-of-year hiring surge? The answer comes Thursday when the state Labor Department releases jobs added on Long Island in December.
MONDAY: Earnings from Citigroup.
TUESDAY: The Federal Reserve Bank of New York releases the January Empire State index, an update on state manufacturing. In the previous report, for December, the index posted its weakest reading in 19 months. Also, a look at inflationary pressures at the wholesalers’ level: producer prices in December from the U.S. Labor Department. Earnings: JPMorgan Chase, UnitedHealth Group, Wells Fargo.
WEDNESDAY: The January beige book from the Federal Reserve, a first look at some early and still unofficial economic data. Also, the National Association of Home Builders releases its economic optimism survey for January. Earnings: Alcoa, Bank of America, Bank of New York Mellon, BlackRock, Goldman Sachs, U.S. Bancorp.
THURSDAY: Jobless benefits claims for the week ended Jan. 12 from the U.S. Labor Department. Earnings: American Express, Netflix, People’s United Financial.
FRIDAY: Consumer sentiment in early January from the University of Michigan. Earnings: oilfield services provider Schlumberger.