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The week ahead in business

Holiday sales rose 2.7%, boosted by late surge, (copy)

COVID-19 is likely to change mall traffic and gift-buying patterns when the holiday shopping season kicks into high gear on Friday. File/AP

MONDAY

  • Urban Outfitters reports quarterly financial results.

TUESDAY

  • Standard & Poor’s releases S&P/Case-Shiller index of home prices in 20 major U.S. housing markets for September.
  • The Conference Board releases the Consumer Confidence Index for November.
  • Best Buy reports quarterly financial results.
  • Dell Technologies reports quarterly financial results.
  • Dollar Tree reports quarterly financial results. 

WEDNESDAY

  • U.S. Labor Department releases weekly report on unemployment benefits.
  • U.S. Commerce Department releases durable goods for October.
  • U.S. Commerce Department releases third-quarter gross domestic product figures.
  • U.S. Commerce Department releases new home sales for October.
  • The Federal Reserve releases minutes from its October interest-rate meeting.
  • Agricultural bellwether Deere & Co. reports quarterly financial results.
  • Home loan financier Freddie Mac reports weekly mortgage rates. Last week, they fell, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy. The average rate on the 30-year benchmark home loan declined to 2.72% from 2.84%. The 15-year fixed-rate average eased to 2.28% from 2.34%. Home loan rates have trended downward through most of this year, bolstering demand from would-be homebuyers.

THURSDAY

  • U.S financial markets and many businesses are closed for Thanksgiving Day.

FRIDAY 

  • The traditional but increasingly irrelevant kick-off to the holiday shopping season begins with the COVID-19 pandemic looming overhead. 

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