It's a slower week on Wall Street as investors wrap up business before the holiday break. But for those still at their trading desks, there will be some potentially market-moving pieces of economic data out throughout the week. 

Top of the list is durable goods orders for November, which will be released Thursday. The metric, measuring orders for long-lasting goods in the U.S., is expected to show a sharp decline as nondefense aircraft orders fall. The headline number is expected to decline by 4% after growing by 4.8% in October. Still, economists anticipate the report will support recent data suggesting a recovery in manufacturing. 

Elsewhere on the economic calendar, existing home sales for November will be released on Wednesday. Meanwhile, the third and final estimate of third-quarter gross domestic product (GDP) and personal income and outlays for November will come out on Thursday, and new home sales data for November and consumer sentiment for December will be released on Friday. 

With the Federal Reserve's December meeting in the rear-view mirror, investors will now digest data through the lens of what it means for the central bank's 2017 outlook. The Fed recently raised its forecast to show three likely rate hikes in 2017, up from the two previously predicted. The Fed kept its forecast for three hikes in both 2018 and 2019.

The Dow Jones Industrial Average's march to 20,000 will also be on watch. The blue-chip index has flirted with that level, moving within 50 points of the target, but has not yet clinched the milestone. 

"The path to Dow 20,000 continues in this post-election rally," Jim Davis, regional investment manager at U.S. Bank, told TheStreet. "Investors...have zeroed in on the Trump growth agenda of tax cuts, infrastructure spending and deregulation. This optimism has been reinforced by economic data showing that the economy is solid and inflation is creeping higher. Although the Trump trade seems a bit crowded, equity prices are likely to grind higher through year end."

Earnings on tap in the coming week include Lennar (LEN) - Get Report  on Monday; Blackberry (BBRY) , Carmax (KMX) - Get Report , Carnival (CCL) - Get Report , Darden Restaurants (DRI) - Get Report , FactSet (FDS) - Get Report , FedEx (FDX) - Get Report , General Mills (GIS) - Get Report , Nike (NKE) - Get Report , and Steelcase (SCS) - Get Report on Tuesday; Bed, Bath & Beyond (BBBY) - Get Report , Finish Line (FINL) , Micron Technology (MU) - Get Report , and Red Hat (RHT) - Get Report on Wednesday; and Rite Aid (RAD) - Get Report on Thursday.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.