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On Tap Today: Greenspan's Beloved ECI Released and the Earnings Hits Just Keep on Coming!

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Fiber-optic manufacturer JDS Uniphase (JDSU) is guaranteed to attract lots of investor attention today. On the heels of a 25.3% drop yesterday, the company announces first-quarter results today. JDSU's drop yesterday followed a weaker-than-expected third-quarter revenue report from Nortel Networks (NT) .

Communications company

WorldCom

(WCOM)

also issues its results today. Shares of WorldCom dropped 6.3% yesterday, as telecommunications giant

AT&T

(T) - Get Report

announced that it would restructure into four separately traded companies.

Also today, the

Employment Cost Index -- a key inflation indicator -- is released today.

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Expected Earnings Reports

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

* = Possibly reporting

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.: Employment Cost Index for Q3. Source: Labor Department. Forecast: +1.0%. Previous: +1.0%.
  • 8:30 a.m.: Initial Jobless Claims for the week ended Saturday. Source: Labor Department. Forecast: 307,000. Previous: 307,000. Four-week average. Forecast: n.a. Previous: 302,750.
  • 10 a.m.: Help-Wanted Index for September. Source: Conference Board. Forecast: n.a. Previous: 78.
  • 11 a.m.: Treasury buyback. Source: Treasury Department. The Treasury buys securities specified yesterday from dealers.