Bank earnings, retail sales on docket
David Russell | email@example.com
This week's calendar focuses on bank earnings and a handful of important economic releases.
The mains items today are Morgan Stanley's quarterly results, plus Eurozone industrial-production data.
Tomorrow features monthly retail-sales data from the Commerce Department, plus quarterly results from homebuilder Lennar. Of all the economic releases, retail sales are most likely to affect market sentiment.
Wednesday begins with earnings announcements from Goldman Sachs and JP Morgan, with the Federal Reserve's Beige Book report scheduled for the afternoon.
Thursday brings quarterly results from Citigroup and Bank of America, plus weekly jobless claims and December housing starts. Semiconductor giant Intel reports numbers after the bell.
The week concludes with two potentially important headlines: General Electric's earnings before the bell and consumer-sentiment data early in the trading session.
Futures are lower as caution reigns
May 24, 2013
S&P 500 futures are down modestly after losses of half a percent to a full percentage point in Europe. Asian markets were mixed overnight, though Shanghai and Tokyo rebounded from yesterday's declines.
Global selloff hits equity indexes
May 23, 2013
S&P 500 futures are down almost 1 percent, while European indexes are lower by about 2 percent. The real declines came in Asia, where Japan's Nikkei plunged 7 percent and Hong Kong shed 2.5 percent.
Stocks keep climbing before Bernanke
May 22, 2013
S&P 500 futures are up about one-tenth of a percent ahead of the Fed chairman's appearance before Congress. Most European indexes are modestly lower but have been climbing in the last hour.
Bernanke fears weigh on sentiment
May 21, 2013
Now that employment, housing, and the global economy have improved, investors are growing nervous that the central bank will become less accommodative.
Corporate earnings lead the calendar
May 21, 2013
Corporate earnings are the main item on today's agenda as retailers Home Depot, Best Buy, Saks, and TJX report quarterly results.