As earnings season officially comes to an end, there are few market-moving events scheduled for today.
On the economic front, the
initial jobless claims report and the April
NAPM nonmanufacturing index are slated for release. The jobless claims should provide us with the latest scoop on labor market conditions, which have been less-than-stellar of late, climbing from 365,000 to 408,000 in the last five weeks. Economists are expecting the number to drop to an even 400,000 this week.
The NAPM nonmanufacturing data has little effect on the market due to its short lifespan -- the earliest data are for July 1997.
As for earnings, check out our
complete list of today's quarterly reports.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 8:30 a.m.:
Initial Jobless Claims for the week ended April 28. Source:
Labor Department. Forecast: 400,000. Previous: 408,000.
4-week average: Forecast: n.a. Previous: 394,500.
Purchasing Managers' Non-manufacturing Index for March. Source:
NAPM. Forecast: 50.3. Previous: 50.3.