Although the Independence Day holiday on Thursday shortens the trading week, the Friday release of the U.S. jobs report gives investors significant data to close the week. Before that, Federal Reserve Chair Jerome Powell will make comments at an international conference, followed by the release of the minutes from the Fed’s June meeting. 

Market watchers will also get data on the manufacturing and services sector, while beer maker Constellation Brands will report earnings. 

Monday, July 1

• S&P U.S. manufacturing PMI (June)
• Construction spending (May)
• ISM manufacturing (June)

Tuesday, July 2

• Federal Reserve Chair Jerome Powell delivers remarks
• Job openings (May)

Wednesday, July 3

• ADP employment report (June)
• Initial jobless claims (Week ending June 29)
• S&P U.S. services PMI (June)
• ISM services (June)
• Trade deficit (May)
• Factory orders (May)
• FOMC June meeting minutes
• Constellation Brands (STZ) reports earnings
• New York Fed President John C. Williams delivers remarks
• Markets close early

Thursday, July 4

• Independence Day national holiday, markets closed

Friday, July 5

• U.S. employment report (June)

Jobs Data Highlights Holiday-Shortened Week

While few U.S. corporations have scheduled events due to markets closing midweek for the Independence Day holiday, investors will still get several noteworthy economic data releases this week, including a much-anticipated jobs report.

After several recent inflation reports have shown that price pressures continue to cool, Federal Reserve officials will closely watch Friday’s employment report for a key update on the labor market. Central bankers have said with inflation improving, it was important to keep a close eye on jobs, as an unexpected rise in unemployment could prompt the Federal Reserve to move more aggressively to cut interest rates.

The jobs report comes after the economy unexpectedly added 272,000 jobs in May, despite the unemployment rate ticking higher to 4%. Investors will get additional labor market data in the Tuesday report on job openings and the Wednesday release of the ADP employment report on private-sector jobs. 

Alcoholic beverage seller Constellation Brands highlights a limited corporate calendar for this week, with its Wednesday earnings report for the 2025 fiscal first quarter coming after the Corona and Modelo beer maker reported better-than-expected revenue and sales in the prior quarter.

Fed Chair Powell's Remarks Scheduled Before Minutes Release

Market watchers will also be tuned into remarks from Federal Reserve Chair Jerome Powell who, along with New York Fed President John C. Williams, will participate in a European Central Bank conference. 

The Federal Reserve will also release the minutes from the June meeting of the Federal Open Market Committee (FOMC) on Wednesday, which could reveal more about how central bankers are viewing inflation, interest rates, and the economy.