Markets will be closed for the Martin Luther King Jr. holiday Monday, pushing all attention to President-elect Donald Trump's inauguration. Investors have been closely tracking where Trump's tariff and tax policies will land and their eventual impact on American corporations.

3M, D.R. Horton, Netflix, and United Continental release results on Tuesday, followed by GE Vernova Inc., Johnson & Johnson, and Procter & Gamble on Wednesday.

On Thursday, Freeport-McMoRan, GE Aerospace, Texas Instruments, and Union Pacific will report, then American Express, NextEra , and Verizon go on Friday.

Economic data releases to watch this week will include S&P Global's Manufacturing and Services Purchasing Managers Indexes for January and the National Association of Realtors' existing-home sales for December, both on Friday.

Finally, the Bank of Japan will announce a highly anticipated monetary policy decision on Friday. The central bank is expected to raise interest rates by a quarter of a point, to 0.5%.

Monday 1/20

Equity and fixed-income markets are closed in observance of Martin Luther King Jr. Day.

Trump is set to be sworn in for a second term as president on Monday. US stocks have looked sluggish at times over the past several weeks as rising rates and the debate over whether the Federal Reserve will cut interest rates in 2025 sent the S&P 500 to its lowest levels since the election.

During his first term as president, Trump viewed the stock market as a barometer for his administration's success. Many investors expect that Trump will remain sensitive to a pullback in US stocks during his upcoming turn.

Tuesday 1/21

3M, Capital One Financial, Charles Schwab, D.R. Horton, Fifth Third Bancorp, KeyCorp, Netflix, Prologis, Seagate Technology Holdings, and United Airlines report quarterly results.

Wednesday 1/22

Abbott Laboratories, Amphenol, Discover Financial Services, GE Vernova, Halliburton, Johnson & Johnson, Kinder Morgan, Procter & Gamble, Steel Dynamics, Teledyne Technologies, Textron, and Travelers release earnings.

Thursday 1/23

CSX, Elevance Health, Freeport-McMoRan, GE Aerospace, Intuitive Surgical, McCormick, Northern Trust, Texas Instruments, and Union Pacific hold conference calls to discuss quarterly results.

Friday 1/24

American Express, First Citizens BancShares, HCA Healthcare, NextEra Energy, and Verizon report earnings.

The Bank of Japan announces its monetary policy decision. The central bank is expected to raise its key short-term interest rate by a quarter of a percentage point to 0.5%. Despite this, the Japanese yen remains near a multidecade low against the greenback.

The National Association of Realtors reports existing-home sales for December. Economists forecast a seasonally adjusted annual rate of 4.2 million homes sold, about even with the November figure. The median sales price was $406,100 in November, up 4.7% year over year.

S&P Global releases both its Manufacturing and Services Purchasing Managers Indexes for January. Consensus estimates are for a 48.7 reading for the Manufacturing PMI and a 58.5 reading for the Services PMI. This compares with 49.4 and 56.8, respectively, in December.