David Paul Morris | Bloomberg | Getty Images1. Jobless claims
We'll get a read on the health of the labor market on Thursday when the Labor Department releases weekly jobless claims at 8:30 a.m. Economists are estimating 220,000 Americans filed applications for unemployment benefits last week, according to Dow Jones. This would be down from the previous week's 222,000 claims.
The jobless claims report comes ahead of Friday's closely watched nonfarm payrolls report, which is expecting to slump to 160,000 jobs created, down from November's blowout reading of 266,000 jobs.Home builder KB Home reports fourth quarter earnings after the bell on Thursday. Wells Fargo expects KB Home to report earnings per share of $1.29, compared to the 96 cents earned in the same period in 2018. The firm estimates order growth of 40% year-over-year.
Shares of other home building companies rose on Wednesday after Lennar reported fourth-quarter results that topped Wall Street projections. Lennar also said new orders increased by 23% compared with the same quarter the prior year.
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ADP jobs, consumer earnings, housing market update: 3 things to watch for in the markets on WednesdayWe'll get employment data, earnings from Walgreens, Constellation Brands and Bed Bath & Beyond, and an update on the housing market from Lennar earnings. go to melen tonight .
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