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Jobless claims, Best Buy on tap

Initial jobless claims at 8:30 a.m. ET are the main items on today's calendar.

Economists forecast that 272,000 Americans sought unemployment benefits for the first time last week, down from 276,000 in the previous period.

The Philadelphia Federal Reserve's regional activity index follows at 10 a.m. ET and is expected to come in at -6.1, which would be weaker than October's -4.5 reading. Natural-gas inventories round out the data at 10:30 a.m. ET.

Atlanta Federal Reserve Bank President Dennis Lockhart speaks at 12:30 p.m. ET, and Fed Vice Chair Stanley Fischer delivers remarks at 4.45 p.m. ET.

Best Buy reports earnings before the opening bell. Autodesk, Ross Stores, Gap, Williams Sonoma, Splunk, and Workday follow in the afternoon.

Friday has no economic news, but Foot Locker and Abercrombie & Fitch issue results in the pre-market.

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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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