Jobless claims, durable goods on docket
Evan McDaniel | email@example.com
The day begins at 8:30 a.m. ET with the weekly report on new jobless claims. The consensus forecast calls for a slight rise to 371,000 from the previous 370,000 print. Estimates range from 361,000 to 378,000 for new filings and 3.25 million to 3.265 million for continuing claims.
Durable goods orders for April will also be released at 8:30 a.m. ET. Analysts are expecting a reading of 0.5 percent, compared with last month's -4.2 percent. Estimates range from -1.4 percent to 2.6 percent.
Excluding transportation, the report is expected to come in at 0.7 percent, compared with last month's -1.1 percent. Estimates range from -0.2 percent to 1.5 percent.
The Bloomberg Consumer Comfort Index will come out at 9:45 a.m. ET, followed by the EIA weekly natural-gas inventories at 10:30 a.m. ET and the Kansas City Fed Manufacturing Index at 11 a.m. ET.
A seven-year Treasury note auction will be announced at 1 p.m. ET, and the Fed's balance sheet and money-supply figures will released at 4:30 p.m. ET.