This Week: DSG results, construction spending, job openings
A look at some of the key business events and economic indicators upcoming this week:
BREAKING A SWEAT?
Dick’s Sporting Goods serves up its fourth-quarter results Tuesday.
Wall Street expects the company’s fiscal fourth-quarter earnings and revenue declined from a year earlier. That would follow three straight quarters of earnings growth by the sporting goods retailer. Investors will be listening for an update on Dick’s outlook for 2019.
SPOTLIGHT ON CONSTRUCTION
U.S. construction spending hit a record high $1.3 trillion in 2018, though its rate of growth slowed.
December’s snapshot showed spending declined 0.6 percent, weighed down by a sharp drop in residential construction. Economists forecast that construction spending got off to a better start this year. They project that the Commerce Department will report on Wednesday that spending edged up 0.3 percent in January.
Construction spending, monthly percent change, seasonally adjusted:
Jan. (est.) 0.3
IN A HIRING MOOD
The U.S. job market remains strong, despite several challenges facing the economy.
Employers posted 7.34 million jobs in December, the most in the nearly two decades that records have been kept. Businesses have kept hiring despite weaker economic growth in China, Europe and Japan, threatening U.S. exports. The Labor Department issues its tally of January job openings on Friday.
Job openings, in millions, by month:
Jan. 7.29 (est)