Job reports, global data on calendar
David Russell | [email protected]
The first is Challenger Gray job cuts at 7:30 a.m. ET, followed by the more-important initial jobless claims one hour later. Economists forecast an increase to 345,000 new filings from 330,000 last week. A higher number could be interpreted bearishly while the opposite is true to the downside.
The Chicago purchasing managers index will be released at 9:45 a.m. ET, but it is unlikely to sway broader market sentiment. Natural-gas inventories come out at 10:30 a.m. ET, which could move energy stocks.
Earnings results are expected from companies including Aetna, MasterCard, Dow Chemical, Viacom, Hershey, and Whirlpool.
Chinese manufacturing data will be released after the close, followed by comparable reports in Europe early tomorrow. Both could affect sentiment tomorrow morning.