The next week is labor day weekend. Normally, the week before Labor Day is quite on Wall Street.
A slew of important economic reports are due in the week before Labor Day. The key event Friday: The big jobs report for August.
The real action will come in how the markets react to important economic reports that will come every day, starting with a report on personal income for July on Monday and ending with the big report on August payroll employment and joblessness on Friday.
Here's what to expect from major reports and other data:
Monday: Personal income and spending for July, due Monday from the Commerce Department.
Tuesday:Consumer confidence, due Tuesday from the Conference Board.
S&P Case-Shiller Home Price Index, due Tuesday morning.
Chicago Purchasing Managers Index, due Tuesday.
Minutes from the Federal Reserve's Aug. 10 meeting, due Tuesday at 2 p.m. ET.
Wednesday: The Institute for Supply Management Manufacturing Index for August, due Wednesday.
U.S. auto sales for August, due Wednesday from automakers.
Construction spending for August, due Wednesday from the Commerce Department.
Thursday:Jobless claims, due Thursday morning from the Labor Department.
Factory orders for July, due Thursday from the Commerce Department.
Pending home sales, due Thursday from the National Association of Realtors.
Friday:ISM non-manufacturing index, due Friday from the Institute for Supply Management.
Payrolls and unemployment for July, due before the Friday market open from the Labor Department.
Here are the key reports for ER:
Monday: Supermarket chain Winn-Dixie Stores (WINN).
Tuesday: Bank of Nova Scotia (BNS), discount retailer Dollar General (DG).
Wednesday: Aircraft maker Bombardier (BDRAF), H.J. Heinz, Hovnanian and Joy Global.
Thursday: H&R Block (HRB), Krispy Kreme Doughnuts (KKD) and Toronto-Dominion Bank.
Friday, August 27, 2010
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