Fundamental news and the Week Ahead

SamTrader1

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ECONOMIC NEWS

On the economic front, leading indicators rose more than expected in May to a record high, according to the Conference Board. Meanwhile, consumer sentiment worsened more than expected in June amid concerns over the outlook for the economy. This while worries about inflation eased modestly, according to the Thomson Reuters/University of Michigan survey.

THE WEEK AHEAD

MONDAY: No major economic news expected

TUESDAY: Existing home sales, FOMC meeting begins; Earnings from Walgreens, Barnes & Noble, Adobe

WEDNESDAY: Weekly mortgage apps, oil inventories, FOMC meeting announcement; Earnings from FedEx, Bed Bath & Beyond

THURSDAY: Weekly jobless claims, new home sales, money supply, Yahoo shareholders meeting; Earnings from ConAgra, Discover Financial, Oracle

FRIDAY: Durable goods, GDP, corporate profits
 
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