Home / Business and Economy / Holiday Markets: GDP & Confidence Data Ahead
Holiday Markets: GDP & Confidence Data Ahead
21 Dec
Summary
- US stock markets close early on Wednesday, December 24th.
- Key economic reports include third-quarter GDP and durable goods orders.
- Markets will be fully closed on Thursday, December 25th for Christmas.
This week features a shortened trading schedule due to the upcoming Christmas holiday, with markets closing early on Wednesday, December 24th, and remaining closed on Thursday, December 25th. Despite the festivities, investors will still need to monitor several significant economic data releases that were previously delayed due to a government shutdown.
Key among these reports is the initial estimate for third-quarter Gross Domestic Product (GDP), originally scheduled for release on October 30th. This delay means the Bureau of Economic Analysis will issue fewer GDP reports than usual for the quarter. Additionally, data on durable goods orders for October and industrial production figures for both October and November are slated for release on Tuesday.
Consumer confidence data for December is also expected on Tuesday, while weekly jobless claims will be released on Wednesday. These reports come after November's employment figures indicated a rise in unemployment. Beyond economic data, an analysis explores the financial impact of holiday spending on consumers.
