On Tap Today: GDP Report Sends Wall Street Into Weekend
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
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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).
