GDP: Economists expect the advance estimate for US fourth-quarter economic growth to come in at 2.3 per cent, down from 3.3 per cent growth in the third quarter.
Blackstone: The New York-based private equity group is forecast to report a 9.8 per cent revenue increase in the final three months of 2023, but earnings are forecast to decline by 12 cents from the year-ago quarter due to a slowdown in global dealmaking. The group is expected to report a rosier outlook for the upcoming year as interest rates fall. Chief executive Steve Schwarzman told CNBC this month that he believes Blackstone will be “a lot more active in 2024” than it has been.
Jobless claims: New applications for unemployment aid are forecast to have risen to 200,000 in the week to January 20, compared with 187,000 claims a week earlier.
Durable goods: The Census Bureau is expected to report that new orders of durable goods increased 1.1 per cent month-over-month in December, according to analysts polled by LSEG. The figure rose 5.4 per cent in November thanks to a surge in orders for aeroplanes.
New home sales: Sales of new homes in December are forecast to have increased to 645,000 units on an annual basis, compared with 590,000 in November.
Airlines: Air carriers Southwest Airlines, American Airlines and Alaska Air Group report earnings before the bell. Analysts will be looking for guidance on how the grounding of the Boeing 737 Max 9 in the US will affect their businesses.
Other companies: Telecommunications company Comcast, renewable energy group NextEra Energy, and defence contractor Northrop Grumman report earnings before the bell. Chipmaker Intel and payments processor Visa report after the markets close.
