Monthly sales, jobless claims on tap
David Russell | firstname.lastname@example.org
Early in the morning, retailers will report April sales for stores open at least a year. The numbers could affect trading throughout the industry.
The Labor Department follows with initial jobless claims at 8:30 a.m. ET. Economists expect a reading of 340,000, up from 336,000 last week. Lower numbers would be considered bullish.
Natural-gas inventories will also be reported at 10:30 a.m. ET, which could sway sentiment in the energy sector.
The only potentially important event scheduled for tomorrow is a speech by Federal Reserve Chairman Ben Bernanke as the market opens at 9:30 a.m. ET.
Next week remains relatively uneventful, though Monday's retail sales report by the Commerce Department could affect trading.