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At 7:30 AM EDT, the NFIB Small Business Optimism Index for July will be released, providing information regarding the health and confidence of small businesses in the United States.

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 8:30 AM EDT, the Productivity and Costs report for the second quarter of 2011 will be released.  The consensus is that non-farm productivity decreased by 0.7% in the last quarter and labor unit costs increased 1.9%.

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

At 2:15 PM EDT, the FOMC Meeting Announcement will be made, which will provide insight into how long the Federal Reserve plans to keep their rates target at 0% to 0.25%.  It is assumed that there will be no immediate change in the Fed funds target rate, but any hint that rates could rise in the future could have an impact on the bond market and stock market.

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