Monday 11/29
The National Association of Realtors releases its Pending Home Sales Index for October. The consensus estimate is for a 117 reading, roughly even with the September figure. The index, a forward-looking indicator of home sales, based on contract signings, fell 8%, year-over-year, in September and has declined for four consecutive months from the previous year's levels.
Tuesday 11/30
Bank of Nova Scotia, GlobalFoundries, Hewlett Packard Enterprise, NetApp, Salesforce.com, and Zscaler report earnings.
S&P CoreLogic releases the Case-Shiller National Home Price Index for September. Economists forecast a 19.5% year-over-year gain, slightly less than August's 19.8% jump, which was a fifth straight record increase for the index.
The Institute for Supply Management releases its Chicago Purchasing Manager Index for November. Expectations are for a 68.9 reading, roughly even with the October data. The index is slightly below its record peak, hit in May.
The Conference Board releases its Consumer Confidence Index for November. The consensus call is for a 110.4 reading, about three points below October's. The index is sharply down from its postpandemic high, reached this summer, in part due to inflation concerns.
Wednesday 12/1
CrowdStrike Holdings, Okta, PVH, Royal Bank of Canada, Snowflake, Splunk, Synopsys, and Veeva Systems report quarterly results.
ADP releases its National Employment Report for November. Private-sector employment is expected to increase by 510,000 jobs after rising by 571,000 in October.
The Census Bureau reports data on construction spending. Economists forecast a 1% month-over-month increase for construction outlays, to a seasonally adjusted annual rate of $1.59 trillion.
Thursday, 12/2
Canadian Imperial Bank of Commerce, Cooper Cos., DocuSign, Dollar General, Kroger, Marvell Technology, Toronto-Dominion Bank, and Ulta Beauty hold conference calls to discuss earnings.
The Department of Labor reports initial jobless claims for the week ended on Nov. 27. Claims hit a 52-year low in this past week's report, and the four-week average is now only slightly higher than prepandemic levels.
Friday 12/3
Bank of Montreal reports fiscal fourth-quarter 2021 results.
The ISM releases its Services PMI for November. The consensus estimate is for a 65 reading, versus October's 66.7, which was a record for the index.
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