Investing Updates: New Year's Market Hours, Tesla Deliveries, Manufacturing and Housing Data: What to Watch This Week

URL: https://ttm.financial/news/2495364675?lang=en_US&edition=fundamental

Gemini Summarized:

This week is a holiday-shortened trading week with markets closed on Wednesday for New Year's Day.

Key Economic Data:

• Housing Market:
• Monday: Pending Home Sales Index for November (expected to increase year-over-year)
• Tuesday: Case-Shiller Home Price Index for October (expected to show continued deceleration in growth)
• Thursday: Construction Spending for November (expected to increase slightly)

• Manufacturing:
  • Monday: Chicago Business Barometer (expected to increase)
  • Friday: Manufacturing PMI (expected to remain below 50, indicating contraction)

Other Important Events:

• Tesla Deliveries: Expected on Thursday, with analysts forecasting around 511,000 units for the fourth quarter.
• No major company earnings reports this week.