The Week Ahead
The Dow Jones Industrial Average, S&P 100 and NASDAQ 100 were all lower for the week while the Russell 2000 was higher.
1.Geopolitical and Fiscal Events. Monday sees Federal Reserve Atlanta President Raphael Bostic speak at 12;15 p.m. EDT, then at 2:15 Philadelphia President Patrick Harker and finally Minneapolis President Neel Kashkari at 5:30 p.m. EDT. Wednesday sees FOMC Meeting Minute out at 2:00 p.m. EDT. Thursday sees Federal Reserve Philadelphia President Patrick Harker speak at 2:00 p.m. EDT. Friday sees Federal Reserve Chicago President Charles Evans speak at 11:45 a.m. EDT along with Atlanta President Raphael Bostic and Dallas President Rob Kaplan.
2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as new home sales, existing home sales and durable goods.
3.Earnings Releases. Notable releases next week include NDSN PSTG TJX INTU LOW TGT RY MDT FL BKE.
Monday, May 21
None of note.
Tuesday, May 22
None of note.
Wednesday, May 23
April New Home Sales are released at 8:30 a.m. EDT and expected to fall to 677,000 from 694,000.
May Federal Reserve Open Market Committee (FOMC) Minutes are released at 2:00 p.m. EDT.
Thursday, May 24
April Existing Home Sales are reported at 10:00 a.m. EDT and expected to fall to 5,570,000 from 5,600,000.
The latest short interest data from the NYSE and NASDAQ are due out after the close.
Friday, May 25
April Durable Goods are due out at 8:30 a.m. EDT and are expected to rise to 0.6% from 0.0%.
May Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to remain at 98.8.
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