Jobless claims, leading index, consumer confidence are the focus
The economic calendar today will be highlighted by the weekly initial jobless claims. The calendar for the day includes:
- initial jobless claims will be released at 8:30 AM ET/1230 GMT, estimate 1300K vs 1300K last week
- continuing claims will be released at 8:30 AM/1230 GMT estimate 17100K vs 17336K last week
- leading index for June will be released at 10 AM ET/1400 GMT. The estimate is 2.1% vs. 2.8% last month
- US consumer confidence will also be released at 10 AM ET/1400 GMT. The estimate is -12.0 vs. -14.7 last month
- The US treasury will auction off tenure tips at 1 PM ET/1700 GMT
Other than that Intel reports earnings after the close.
The stimulus bill will also be debated and headlines throughout the day.
