On Tap Today: Third-Quarter GDP, Carnival's Earnings Released
The third-quarter gross domestic product -- released today -- arrives just in time for the holidays.
GDP measures change in the market-value of goods and services, setting the pace at which the market will either grow or decline. The undercard for today's economic events is the
Philadelphia Fed Index
. The Index has the potential to move markets and is widely considered a good gauge of what to expect from the
Purchasing Manager's Index
. As for today¿s earnings announcements,
Carnival
(CCL) - Get Carnival Corporation Report
reports its fiscal fourth-quarter numbers. Shares of the large cruise ship enterprise traded down 8.02% to $24.38 at yesterday's close.
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Expected Earnings Reports
This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.
Economic Data
(
Forecasts are from
Reuters
. Times are Eastern. For a longer-term economic calendar and more, see
TSC's
Economic Databank.
)
- 8:30 a.m.:
Gross Domestic Product for Q3--final. Source:
Commerce Department. Forecast: +2.4%. Previous: +2.4% (Q3-prelim.) +5.6%. (Q2)
Implicit Price Deflator Forecast: +1.9%. Previous: +1.9% (Q3-prelim.) +2.4% (Q2).
8:30 a.m.:
Initial Jobless Claims for the week ended Saturday. Source:
Labor Department. Forecast: 336,000. Previous: 320,000.
Four-week average Forecast: n.a. Previous: 343,250.
10 a.m.:
Philadelphia Fed Index for December. Source:
Philadelphia Fed. Forecast: 0.9. Previous: 5.2.
2 p.m.:
Federal Open Market Committeemeeting minutes. Source:
Federal Reserve. The Fed releases the minutes of its monetary policymaking committee's Nov. 15 meeting.
