Bank of America is among those firms reporting earnings this...

Bank of America is among those firms reporting earnings this week. Credit: SOPA Images/LightRocket via Gett/SOPA Images

KEY EVENT: The state Labor Department on Thursday releases jobs created or lost on Long Island in December. Since April, when more than 290,000 Long Island jobs were lost, employers have been adding positions each month, although the pace of job creation has slowed. The national employment numbers for December, released Jan. 8, were grim, showing the nation lost 140,000 jobs with heavy layoffs in leisure and hospitality businesses, a crucial sector for the Long Island economy.

MONDAY: U.S. financial markets closed for Martin Luther King Day.

TUESDAY: Earnings from Bank of America, Comerica, Goldman Sachs, oilfield services provider Halliburton and Netflix.

WEDNESDAY: The National Association of Home Builders releases its December economic optimism survey. Earnings: Alcoa, Bank of New York Mellon, Citizens Financial Group, Morgan Stanley, Procter & Gamble, UnitedHealth Group.

THURSDAY: December housing starts and building permits from the Commerce Department. Also, jobless benefits claims for the week ended Jan. 16 from the Labor Department. Earnings: M&T Bank, People's United Financial, Travelers, Union Pacific.

FRIDAY: The National Association of Realtors releases December existing-home sales. In November, home sales in the Northeast rose 26 percent year-over-year, and prices rose 17 percent, reflecting a hot local real estate market.

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