European economic growth and initial jobless claims are the main economic items on today's calendar.
Germany and the Euro Zone both report gross domestic product numbers early in the session. The Labor Department in Washington follows with weekly jobless claims at 8:30 a.m. ET. Forecasters expect a reading of 305,000, up from last week's 289,000. Lower numbers are bullish because they reflect fewer layoffs.
Export and import prices come out at the same time but generally don't impact sentiment. Natural-gas inventories are scheduled for 10:30 a.m.
There are also several important earnings reports. Wal-Mart Stores, Kohl's, Perrigo, E-Commerce China Dangdang and Plug Power announce before opening bell. Applied Materials, Autodesk, Nordstrom, J.C. Pnney, Sina and Agilent Technologies follow in the afternoon.
Tomorrow's main items are the New York Federal Reserve's Empire Manufacturing Index and consumer sentiment.
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