Today's calendar includes a handful of minor economic reports
and several earnings announcements.
Personal income and personal spending for December will be released
at 8:30 a.m. ET. Both are expected to increase 0.2 percent but are
also unlikely to affect market sentiment.
The Chicago purchasing managers index follows at 9:45 a.m. ET.
Economists forecast a reading of 58, down from 60.8 in January. The
final revision of consumer sentiment follows 10 minutes later but
is also relatively unimportant because it's based on previously
MasterCard, Tyson Foods, Chevron, Tyco, Mattel, and Paccar are
among the big companies reporting results.
China's purchasing managers index will also be released tonight,
the prelude to several important global reports next week. The data
begins early Monday morning with European manufacturing numbers,
followed on this side of the Atlantic by the Institute for Supply
Management's monthly index. Sysco, Anadarko Petroleum, Yum Brands,
and Hartford Financial report earnings.
Tuesday brings factory orders, plus quarterly results from
companies such as International Paper, Archer Daniels Midland, and
The employment numbers start Wednesday with ADP's monthly
private-sector payrolls report and non-manufacturing indexes for
Europe and the United States. Merck, Disney, Allergan, Cognizant
Technology, Prudential Financial, and Akamai Technologies release
Thursday features same-store sales reports, initial jobless claims,
and the European Central Bank's interest-rate announcement. General
Motors, Philip Morris, and Expedia are some of the big earnings
The week concludes with January's non-farm payroll report on Friday