At 7:45 AM Eastern time, 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 Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.
At 9:00 AM Eastern time, the monthly S&P/Case-Shiller home price index report will be released. Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.
At 10:00 AM Eastern time, the monthly report on Consumer Confidence for April will be released. The consensus index level is 69.7, which would be a 5 point decrease from last month’s number.
Also at 10:00 AM Eastern time, the New Home Sales report for March will be released. The consensus is that 318,000 new homes were sold last month, which would be 5,000 more than the prior month.
Also at 10:00 AM Eastern time, the FHFA House Price Index for February will be released, providing more information about the direction of the housing market.
Also at 10:00 AM Eastern time, the Richmond Fed Manufacturing Index for April will be released. The consensus is that the index will be at 8, which would be an increase of 1 point from the previous month.
Also at 10:00 AM Eastern time, the State Street Investor Confidence Index will be released, which looks at changes in the amount of equities held in the portfolios of institutional investors.