The second-quarter GDP ( definition | chart | source ) report, released shortly before the opening bell, underscores today's events. Once again, investors will be tracking the results for further clues about whether the Fed will raise interest rates.

Plus: A passel of earnings reports from Old Economy brands keeps Wall Street busy.

Expected Earnings Reports

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.: Gross domestic product for Q2 '00 -- advance. Source: Commerce Department. Forecast: +3.8%. Previous: +5.5% (Q1). Includes Implicit Price Deflator. Forecast: +2.4%. Previous: +3.0%.
  • 10 a.m.: Consumer Sentiment Index for July -- final. Source: University of Michigan. Forecast: 108.2. Previous: 108 (July prelim.), 106.4 (June).