Today's event calendar is quiet, with this morning's quarterly report from Wells Fargo as the main scheduled item.
Next week will bring several earnings reports from major companies in the financial sector: Morgan Stanley begins the parade on Monday, followed by Goldman Sachs and JP Morgan on Wednesday. Citigroup and Bank of America issue their numbers the following day.
In addition to those reports, monthly retail sales will be released on Tuesday. Chinese gross domestic product comes out Thursday night.
Financials have been very strong in the last month, but the U.S. sector has disappointed of late. Chinese data has also been better than expected recently.
Homebuilder Lennar also reports on Tuesday. Semiconductor giant Intel announces earnings on Thursday and blue-chip industrial General Electric releases its numbers on Friday.
Options Trading News
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Economic reports slow down this week
May 6, 2013
The calendar quiets significantly this week, with no major economic releases. The first events don't occur until Wednesday, when mortgage applications and oil inventories will be reported.
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Index, ETF option volumes near midday
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Total option volume is relatively light at 5.4 million contracts so far, with the typical indexes and ETFs making up most of today's action, according to optionMONSTER data systems.
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