GDP, Fed, job data lead calendar

By
A A A

Today's economic calendar is a very active, with three major economic headlines on the agenda.


ADP's private-sector payrolls report for July gets the ball rolling at 8:15 a.m. ET. Forecasters are looking for a gain of 215,000, down from 281,000 the previous month.

Second-quarter gross-domestic product follows 15 minutes later and will likely be the most important number of the day. Economists expect growth of 3.2 percent versus contraction of 2.9 percent in the first quarter. GDP disappointed by a wide margin in the first quarter because of bad weather and slower inventory growth.

Weekly crude inventories will be released at 10:30 a.m. ET.

The final big event of the day is the Federal Reserve's monetary announcement at 2 p.m. ET. The central bank is expected to reduce bond buying under its quantitative-easing program to $25 billion from $35 billion, and its key overnight lending rate is expected to remain unchanged at 0.25 percent.

The earnings calendar features oil refiners including Valero Energy, Phillips 66, and Tesoro. Other big names include WellPoint, Pitney Bowes, Hess, Kraft Foods, Lam Research, and Akamai Technologies. (See researchLAB's interactive calendar for a more complete schedule.)

Tomorrow brings initial jobless claims and the Chicago Purchasing Managers Index. Energy remains in focus as Exxon Mobil, Occidental Petroleum, Apache, and Marathon Petroleum report.

The week concludes with non-farm payrolls and the Institute for Supply Management's manufacturing index on Friday morning. Chevron, Procter & Gamble, and Clorox announce results as well.



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

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.



This article appears in: Investing , Options

Referenced Stocks: SPX

optionMONSTER

optionMONSTER

More from optionMONSTER:

Related Videos

Stocks

Referenced

Most Active by Volume

45,543,019
  • $16.75 ▲ 0.12%
44,349,390
  • $132.54 ▲ 0.88%
32,695,176
  • $3.01 ▲ 19.92%
28,073,679
  • $34.76 ▲ 2.75%
27,339,999
  • $9.15 ▼ 3.58%
26,142,754
  • $34.71 ▼ 1.03%
25,357,890
  • $46.90 ▼ 1.10%
24,562,443
  • $15.27 ▼ 1.55%
As of 5/22/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com