Economic Events on May 4, 2010

At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

At 10:00 AM EDT,the value of the pending home sales index for March will be announced.  It is expected that the index will increase over February because of the poor winter weather in that month, and the impending deadline to take advantage of the federal tax credit for buying a home.

Also at 10:00 AM EDT, the Factory Orders report will be released.  The consensus is for an decline of 0.1% in orders in March, after a gain of 0.6% in February.

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