Heads up: This is the last week before the Santa Claus rally is expected to kick in, and there are a number of economic reports due out...
Heads up: This is the last week before the Santa Claus rally is expected to kick in, and there are a number of economic reports due out that may affect the strength of any rally. On Tuesday, the Labor Department reports on prices at the producer level for November, and the Commerce Department reports on last month’s housing starts. The final third-quarter numbers on the gross domestic product are expected Wednesday. On Thursday, the Conference Board releases the monthly index of leading economic indicators. The Commerce Department’s monthly reports on new-home sales and durable-goods orders are due Friday.
Today: In Hong Kong, the ministerial conference of the World Trade Organization wraps up after six days of talks. Negotiations among the 149 member nations have centered on divisive issues such as reducing farm subsidies in the United States and European Union.
Tuesday: About 1:15 p.m., Nike releases results for its second quarter, which ended Nov. 30. Beginning at 2 p.m., the company hosts a conference call to discuss these results, which will be webcast live at www.NikeBiz.com/invest.
Thursday: This is the final production day of 2005 for Boeing workers at Puget Sound-area plants, and all airplane deliveries for the year will be completed. The Boeing plants reopen Jan. 3.
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