The Week Ahead For May 2-6th
Geopolitical and Fiscal Events. There are no unusual geopolitical events of note this week.
Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and construction spending, ISM Manufacturing PMI, factory orders, ADP Payrolls, Challenger Job Cuts, nonfarm payrolls and unemployment rate.
Earnings Releases. Notable releases include AIG APC PFE CVS BUD PCLN BABA MRK CI EXC.
Monday, May 2
March Construction Spending is due out at 10:00 a.m. EDT and are expected to rise to 0.5% from -0.9%.
April ISM Manufacturing PMI is due out at 10:00 a.m. EDT and is expected to fall to 51.4 from 51.8.
Tuesday, May 3
A Presidential Primary is held in Indiana. A victory by GOP Candidate Donald Trump could cement his nomination.
Wednesday, May 4
March Factory Orders is due out at 10:00 a.m. EDT and is expected to rise to 0.7% from -1.7%.
April ADP Payrolls is due out at 8:15 a.m. EDT and is expected to fall to 196,000 from 200,000.
Thursday, May 5
April Challenger Job Cuts is due out at 7:30 a.m. EDT. The March number saw an increase of 31.7%.
Friday, May 6
April Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to fall to 200,000 from 215,000.
The April Unemployment Rate is expected to remain at 5.0%.