Retail data, Fed minutes on docket
Today's agenda includes retail data and minutes from the last
Federal Reserve meeting.
J.C. Penney, Lowe's, and Staples report earnings before the opening bell, along with ADT and Deere. L Brands and Williams Sonoma follow in the afternoon.
The Commerce Department is scheduled to publish retail sales for October at 8:30 a.m. ET. Economists expect an increase of 0.1 percent, compared with a 0.1 percent drop the previous month.
The consumer-price index comes out at the same time but seldom affects trading. Economists anticipate a flat reading for the overall "headline" number and a 0.2 percent increase for the "core" figure that excludes food and energy prices.
Existing home sales at 10 a.m. ET are forecast to come in at 5.2 million on an annualized basis, down from 5.29 million the previous month.
The Fed minutes will be released at 2 p.m. ET and could move markets as investors look for clues about the direction of monetary policy.
Also in the evening, HSBC will release a preliminary reading of manufacturing data in China. That could affect trading tomorrow morning.
Tomorrow's calendar includes initial jobless claims, producer prices, and the Philadelphia Fed's regional activity index. Abercrombie & Fitch, Dollar Tree, Target, and GameStop report in the morning, followed by AutoDesk, Gap, Intuit, Ross Stores, and Pandora Media after the closing bell.