Business week ahead, Nov. 15-19
Ahead of the holidays, Target reports quarterly earnings this week. Credit: AP/Wilfredo Lee
KEY EVENT: The state Labor Department on Thursday releases jobs created on Long Island in October. In September, Long Island employers cut back on hiring, adding only 6,400 new jobs compared with September 2020, the smallest year-over-year increase since March.
MONDAY: The Federal Reserve Bank of New York releases the November Empire State index, an update on New York manufacturing. The October report found that businesses were "very optimistic" conditions would improve over the next six months. Earnings: Tyson Foods.
TUESDAY: Two Commerce Department reports: retail sales and industrial production, both for October. Also, October import and export prices from the Labor Department. And the economic optimism survey from the National Association of Home Builders. Earnings: Home Depot, Walmart.
WEDNESDAY: Earnings: Cisco Systems, computer graphics cards maker Nvidia, Target.
THURSDAY: Jobless benefits claims for the week ended Nov. 13 from the Labor Department. And leading economic indicators for October from the Institute for Supply Management. Earnings: tax software maker Intuit, Kohl’s, Macy's.
FRIDAY: The Census Bureau releases the quarterly services survey for the third quarter. The survey is a comprehensive look at economic activity in the wide-ranging services sector, which includes financial services, retail, real estate and health care.
