next week (from AAII investors update): We will get an early glance on at fourth-quarter as 15 S&P 500 member companies are scheduled to report. Included in this group are FedEx Corp . ( FDX ) and Oracle Corp . ( ORCL ) on Wednesday; Accenture ( ACN ) and Dow component Nike ( NKE ) on Thursday; and Walgreen Co. (WAG) on Friday.
The Federal Open Market Committee Meeting will hold a two-day meeting, starting on Tuesday. The meeting statement and committee member forecasts will be released around 2:00 p.m. ET on Wednesday. Ben Bernanke will hold his last quarterly press conference as Fed chairman at 2:30 p.m. ET on Wednesday. It is uncertain if the committee will vote to begin tapering the Fed’s bond purchases.
Three economic reports of note will be released on Monday morning: November industrial production and capacity utilization, the December Empire State Index and revised third-quarter productivity. The November Consumer Price Index ( CPI ) and the National Association of Home Builders’ December housing market index will be released on Tuesday. Wednesday will feature November housing starts and building permits. The November Philadelphia Fed Survey and November existing home sales will be released on Thursday. Friday will feature the final estimate of third-quarter GDP.
Friday is a quadruple witching day, meaning and options contracts will expire.
The Treasury Department will auction $32 billion of two-year notes on Tuesday, $35 billion of five-year notes on Wednesday and $29 billion of seven-year notes on Thursday.