This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

On Tap Today: Will Investors Get Dressed Down in Today's Retail Sales Report?

After shrugging off a warning from mobile-phone maker Nokia (NOK) yesterday, the market braces for some key economic data today.

Headlining today's scheduled events is the release of the May retail sales report. The retail data, which measure the total number of sales at retail businesses, are used to predict personal consumption trends and make up a significant portion of the gross domestic product; it typically moves markets.

The Labor Department's Import Price Index for May is also slated for release. Economists consider the figures to be only a fraction of the total inflation picture. As a result, it has little effect on trading activity.

Economic Data

( Forecasts are from Reuters . Times are Eastern. For a longer-term economic calendar and more, see TSC's Economic Databank. )

  • 7 a.m.: Mortgage Applications Survey for the week ended June 8 -- Refinancing index. Source: Mortgage Bankers Association. Forecast: n.a. Previous: 1553.6. Purchase index: Forecast: n.a. Previous: 344.1.

  • 8:30 a.m.: Retail sales for May. Source: Census Bureau. Forecast: +0.2%. Previous: +1.1%. Ex-autos: Forecast: +0.4%. Previous: +0.8%

  • 8:30 a.m.: Import Price Index for May. Source: Department of Labor. Forecast: n.a. Previous: -0.5%. Export Price Index: Forecast: n.a. Previous: unchgd.

  • 2 p.m.: Beige Book . The Fed's anecdotal report on economic conditions around the country is for consideration at the Federal Open Market Committee meeting.

  • 6:30 p.m.: Consumer Comfort Index for the week ended June 9. Source: ABC News and Money Magazine. Forecast: n.a. Previous: 3.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $132.04 1.87%
FB $80.55 1.53%
GOOG $539.79 1.40%
TSLA $247.43 -0.01%
YHOO $43.38 1.24%

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs