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U.S. stocks are poised for a strong final week of 2021 as the Dow Jones Industrial Average is hovering around the 36,000 mark, while the S&P 500 is in record territory and the Nasdaq Composite is just shy of its.
|I:DJI||DOW JONES AVERAGES||35950.56||+196.67||+0.55%|
|I:COMP||NASDAQ COMPOSITE INDEX||15653.373957||+131.48||+0.85%|
FOX Business takes a look at the upcoming events that are likely to move financial markets in the final days of the year
While it will be a quiet day for the markets, it will be a big day for New York City, which will officially require all private sector employees to have at least one COVID-19 vaccine dose to enter workplaces. In addition, individuals 12 and older must be fully vaccinated to eat indoors at restaurants.
In addition, Americans looking to renew or obtain a new passport book for travel will have to pay a higher fee as the State Department raises its passport security surcharge by $20. Minor passport applicants who use form DS-11 will be charged $135, while adults applying in person using form DS-11 will pay $165. Adults renewing their passports using form DS-82 will pay $130.
Economic data will ramp up on Tuesday with the S&P Case-Shiller U.S. home price index and the FHFA monthly home price index.
|EGRNF||CHINA EVERGRANDE GROUP||0.195||-0.02||-10.55%|
China's Evergrande will also be required to make its first payment on a $50.4 million coupon on note due in 2023 and a $204.8 million coupon on note due in 2025.
Taiwan's SEMICON conference will also kick off Tuesday, featuring over 550 exhibitors, including chip industry leaders such as Taiwan Semiconductor Manufacturing Company (TSMC), Advanced Semiconductor Engineering Inc. (ASE) and Nanya Technology. The conference will run through Dec. 30.
Economic data on the docket Wednesday includes pending home sales, the trade deficit and the Energy Information Administration's weekly crude stocks.
Japanese e-commerce company Mercari will also open its first-ever pop-up shop in San Francisco, which has been hit with a wave of retail crime over the past several weeks.
Finishing out the week for economic data will be the Chicago purchasing managers index and the latest in initial and continuing jobless claims.