Stock Market:Looking Forward to Next Week!

Due to Thanksgiving, it's a short week. But earnings are due from Hewlett-Packard(Monday,After the close), J.Crew(Tuesday) Deere and Tiffany(Wednesday).

The week includes key reports on gross domestic product, housing and jobless claims. Tuesday will bring the minutes from the Federal Reserve's Nov. 2-3 meeting. This will help investors gauge the disagreements about the central bank's controversial $600 billion plan to support the economy.

What to look forward to next week:
Earnings should continue to be positive.
Will the economic reports confirm the good cheer?Maybe

Here's what else is due:

Tuesday: Third-quarter gross domestic product, a second estimate. ( expects 2.2%. )
               Existing-home sales for October. 

Wednesday: Durable-goods orders, from the Commerce Department. Expect a decent gain, 0.5% or better, fueled largely by aircraft orders.

                   Personal income spending and income for October, from the Commerce Department. (most analysts expect a gain.)

                    Initial jobless claims, from the Labor Department.This is the closest indicator that tells where the job market is. The past two weekly reports have been the seasonally adjusted claims rate at under 440,000. Another such report will be a decent signal that the recovery is picking up steam.
                

                   New-home sales for October, from the Commerce Department. ( Until the foreclosures are sold off, don't expect much improvement.)