Housing data dominates calendar

By David Russell,

Shutterstock photo

Housing is the main theme of today's economic calendar.

Home Depot announces earnings before the opening bell and the Commerce Department will release July housing starts and building permits at 8:30 a.m. ET. Starts are expected to run at a 964,000 annualized pace, up from 893,000 in June. Permits are estimated at 1 million, compared with 963,000 the previous month.

Consumer prices for July come out at the same time. Economists forecast an increase of 0.1 percent on both an overall and core basis, excluding food and energy. They rose 0.3 percent and 0.1 percent in June respectively.

Other noteworthy events include earnings from Medtronic, TJX, and Dick's Sporting Goods also in the morning. Japanese trade data is due late in the evening.

Tomorrow features an increasing number of retailer earnings plus minutes from the last Federal Reserve meeting. Lowe's, Target, Staples, PetSmart, American Eagle Outfitters, and E-House China report before the opening bell, followed by Hewlett-Packard and L Brands in the afternoon. There's also weekly mortgage-lending and crude-oil data in the morning, and the following overnight session brings important preliminary manufacturing data from China and Europe.

Thursday marks the beginning of the Fed's annual conference in Jackson Hole, Wyoming. Weekly jobless claims and the Philadelphia Fed's regional activity index are also scheduled. Dollar Tree and Sears report before the opening bell, followed in the afternoon by Gap, Ross Stores, GameStop, Aeropostale, and Salesforce.com.

Friday kicks off with Foot Locker earnings. Fed Chair Janet Yellen and European Central Bank chief Mario Draghi will speak during market hours from Jackson Hole.

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
Referenced Stocks: SPX

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