Durable goods, mortgages on tap


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Durable-goods orders for May are the main event on today's economic calendar.

Economists expect increases of 0.4 percent both overall and for the component of the report that excludes transportation equipment. Both categories rose 0.6 percent and 0.3 percent respectively in April. The Commerce Department will release the numbers at 8:30 a.m. ET.

Earlier in the morning, at 7 a.m. ET, MBA will publish weekly mortgage applications. Given the recent strength in housing numbers, the numbers could affect related companies.

The final estimate for first-quarter gross domestic product comes out at 8:30 a.m. ET but is unlikely to move the market significantly because it covers a period that is well in the past. Forecasters anticipate a 1.8 percent contraction.

Crude-oil inventories round out the data at 10:30 a.m. ET.

Earnings announcements include Monsanto, General Mills, Apollo Group, and Barnes & Noble in the morning. Bed Bath & Beyond reports after the closing bell.

Tomorrow's main item is initial jobless claims in the morning and Nike earnings in the afternoon.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Options

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