At 10 a.m. EDT, the Commerce Department will release its wholesale inventories report for March, which will be compared to growth of 1% in February.
Wednesday's economic news kicks off at 8:30 a.m. EDT with the March trade balance report from the Department of Commerce followed by monthly Treasury budget data from the U.S. Treasury Department for April at 2 p.m EDT.
On Thursday, the market will get the Labor Department's weekly read on initial jobless claims for the first week of May. Market watchers will be hoping to see a decline in the number of people filing for unemployment benefits from last week's unexpected rise to 474,000 claims.
Thursday's session will also bring important data on producer prices for April after they rose 0.7% in March. The core rate, which excludes volatile food and energy prices, rose 0.3% in March.The Commerce Department will also release its April retail sales report and March business inventories data on Thursday morning. Friday will be a big day for consumer data with releases on prices and sentiment. The Labor Department is scheduled to release its consumer price index at 8:30 a.m. EDT. Investors will pay particularly close attention to the core rate, which excludes volatile food and energy costs, and is considered the best gauge of inflation. In March, core CPI inched 0.1% higher. At 9:55 a.m. EDT, the University of Michigan will issue its preliminary read on consumer sentiment in May. The consumer sentiment index came in at 69.8 in April, after a preliminary reading of 69.6. Earnings results will continue to trickle in next week. Meat producer Tyson Foods (TSN - Get Report) will report quarterly results on Monday followed by video and online gaming company Activision Blizzard (ACTI) and auctioneer Sotheby's (BID - Get Report), which are scheduled to report after the closing bell. Walt Disney (DIS - Get Report) is scheduled to release results on Tuesday and Wednesday's session brings earnings from Macy's (M - Get Report) and Cisco Systems (CSCO - Get Report). On Thursday, retailers Kohl's (KSS - Get Report) and Nordstrom (JWN - Get Report) will report, as will visual computing technologies company Nvidia (NVDA - Get Report). --Written by Melinda Peer in New York.