Earnings remain dominant on calendar
David Russell | [email protected]
The Labor Department will release the data at 8:30 a.m. ET. Economists expect that 351,000 Americans filed for first-time unemployment benefits, down from 352,000 last week. A higher number may be interpreted bearishly because it would mean that more people had lost their jobs, while a lower one would be bullish.
The Energy Department will announce weekly natural-gas inventories at 10:30 a.m. ET. Corporate results are scheduled from companies including 3M, ConocoPhillips, Dow Chemical, Exxon Mobil, Colgate-Palmolive and Hershey in the morning session. The afternoon brings Amazon, Expedia, KLA-Tencor, and Starbucks.
The focus will return to macronomic data tomorrow morning when the Commerce Department announces its advance estimate of first-quarter gross domestic product.