U.S. markets will be closed on Monday for Presidents Day. The latest fourth-quarter earnings reports, Federal Reserve meeting minutes, and housing-market data will be the week's highlights when investors return.
Arista Networks, Devon Energy, Medtronic, and Occidental Petroleum report on Tuesday, followed by Analog Devices and Garmin on Wednesday. Alibaba Group Holding, Block, Booking Holdings, Newmont, and Walmart will be Thursday's highlights.
Minutes from the Federal Open Market Committee's late January meeting will be published on Wednesday afternoon. S&P Global will release both its Manufacturing and Services Purchasing Managers' Indexes for February on Friday.
Housing data to watch this week will include the National Association of Home Builders' Housing Market Index for February on Tuesday, the Census Bureau's housing starts for January on Wednesday, and the National Association of Realtors' existing-home sales for January on Friday.
Monday 2/17
Equity and fixed-income markets are closed in observance of Presidents Day.
Tuesday 2/18
Arista, Cadence Design Systems, Celanese, CoStar Group, Devon Energy, Entergy, EQT, Expeditors International of Washington, Genuine Parts, International Flavors & Fragrances, Medtronic, Occidental, and Vulcan Materials report quarterly results.
The National Association of Home Builders releases its Housing Market Index for February. Consensus estimate is for a 47 reading, matching the January figure.
Wednesday 2/19
American Water Works, Analog Devices, Ansys, Carvana, CF Industries, Charles River Laboratories International, Garmin, Texas Pacific Land, and Trimble release earnings.
The Census Bureau reports new residential construction data for January. Economists forecast a seasonally adjusted annual rate of 1.4 million privately owned housing starts, 100,000 less than in December.
The Federal Open Market Committee releases the minutes from its late January monetary policy meeting.
Thursday 2/20
Akamai Technologies, Alibaba, Baxter International, Block, Booking, Builders FirstSource, CenterPoint Energy, Cheniere Energy, Copart, Epam Systems, Hasbro, Insulet, LKQ, Live Nation, Newmont, Nu Holdings, Pool Corp., Quanta Services, Southern Co., Targa Resources, and Walmart hold conference calls to discuss quarterly results.
Friday 2/21
S&P Global releases both its Manufacturing and Services Purchasing Managers' Indexes for February. Consensus estimates are for a 51.1 reading for the Manufacturing PMI and a 53 for the Services PMI. This compares with readings of 51.2 and 52.9, respectively, in January.
The National Association of Realtors reports existing-home sales for January. Economists forecast a seasonally adjusted annual rate of 4.13 million homes sold, roughly 100,000 fewer than in December. For all of 2024, existing-home sales hit their lowest level since 1995.