Wall St to take a breather for Thanksgiving - The week ahead on Wall St

(Source: Getty)
US investors head into the Thanksgiving holiday on Thursday thankful for the market’s recent strength, which puts major indeces on track for another year of double-digit gains.

Volatility may pick up next week as many take off for Thanksgiving. Markets are closed on Thursday and will close early on Friday.

The second estimate of third-quarter GDP growth,on Tuesday, is expected to show only a minor downward revision from the initial estimate of 3.5 per cent growth. An MNI survey of economists puts the revised estimate at 3.3 per cent, largely due to lower September exports

The MNI Chicago report, on Wednesday, is expected to pare back from its 12-month high of 66.2 to 63.8.

On Monday, Workday, Post Holdings and Palo Alto Networks, Ottogi report.

Hewlett-Packard is scheduled to report fourth-quarter results tomorrow after the closing bell. It posted an adjusted profit of $1.7bn, in the previous quarter.

Upscale jeweller Tiffany & Co is expected tomorrow to report third-quarter profit below analysts’ expectations, according to StarMine. Also reporting tomorrow: TiVo, Yingli Green Energy Holding, American Woodmark, Campbell Soup Company, CSPC Pharmaceutical Group, Tech Data, New Jersey Resources and Nimble Storage.

On Wednesday, Deere and Co, Astro-Med, China Nepstar, Eltek, Exco and North Atlantic Drilling all report.

Related articles