Intel, Yahoo, inflation on docket
Today's agenda includes a variety of economic headlines and
corporate results, including those of Intel and Yahoo.
European trade numbers and Germany's Zew survey of economic sentiment come out early in the session. The first report on this side of the Atlantic is the Commerce Department's consumer-price index for March at 8:30 a.m. ET. Economists estimate increases of 0.1 percent for the main number and the so-called core reading, which excludes food and energy. Both rose 0.1 percent in February.
The New York Federal Reserve's Empire index comes out at the same time. Forecasters expect a reading of 7.5, compared with 5.6 in March.
The NAHB homebuilder index follows at 10 a.m. ET and is expected to climb to 50 from 47 in the previous month.
The morning's big quarterly reports come from Johnson & Johnson, Coca-Cola, Comerica, and Northern Trust. INTC, YHOO, CSX, Linear Technology, and Adtran announce in the afternoon.
Tomorrow brings results from Bank of America, Credit Suisse, U.S. Bancorp, Abbott Laboratories, PNC Financial, and St. Jude Medical in the pre-market. American Express, IBM, Google, Capital One Financial, SanDisk, and Kansas City Southern report after the close of trading.
Wednesday's economic numbers include European inflation, housing starts, building permits, and the Fed's Beige Book survey of economic conditions.