Wall Street likely will spend a lot of today looking ahead to tomorrow's meeting of the

Federal Reserve. As it waits, the market can chew on the latest round of economic data and earnings reports.

The April

industrial production and March

business inventories reports are due out before the opening bell.

Industrial production, which measures the total output of the nation's mines, factories and utilities, is expected to dip. The data serve as a key gauge of the factory sector and frequently move markets. Manufacturing has been squeezed for months. Data on business inventories have little impact on the market because most of the figures are already known by the time they are released.

On the earnings front, information technology firm

Computer Sciences


and waste-management giant

Allied Waste


are slated to report their quarterly profit results.

Economic Data


Forecasts are from


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


Economic Databank.


  • 8:30 a.m.: Business Inventories for March. Source: Census Bureau. Forecast: n.a. Previous: -0.2%.
  • 8:30 a.m.: Industrial production for April. Source: Federal Reserve. Forecast: -0.3% (Preliminary). Previous: +0.4%. Capacity utilization: Forecast: 79.0% (Preliminary). Previous: 79.4%.

IPO Lockups Expiring


TheStreet.com's Michael Falbo, who writes a column for TheStreet.com's ipoPros.com subsidiary, keeps a close eye on lockup expirations every week. For more on lockup expirations and why they matter, check out Ben Holmes' primer on the subject. The full current lockup expiration list is published separately. For information on IPO pricings, filings and aftermarket activity, plus a calendar of upcoming IPOs, check out


IPO data section.


Lockup End

Deal Name


Lead Underwriter


Novatel Wireless


Credit Suisse First Boston