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On Tap Today: Retail Sales Report Hits; Greenspan Speaks; Busy Conference Schedule

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The heat is on as the eagerly anticipated retail sales report hits the Street. Traders will watch the report for clues to the Fed's likely next move on interest rates.

Elsewhere,

CMGI

(CMGI)

and

Best Buy

(BBY) - Get Best Buy Co. Inc. Report

announce earnings results.

Also today, the

U.S. Bancorp Piper Jaffray Investor Conference

and

Bear Stearns' 11th Annual Technology Conference

gather steam.

Expected Earnings Reports

(

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

)

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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.: Retail Sales for May. Source: Census Bureau. Forecast: unchgd. Previous: -0.2%. Ex-Autos: Forecast: +0.3%. Previous: unchgd.
  • 9 a.m.: BTM Weekly U.S. Retail Chain Store Sales Index for the week ended Saturday. Source: Bank of Tokyo-Mitsubishi. Forecast: N/A. Previous: -0.1%.
  • 10:30 a.m.: Redbook Retail Average through Saturday, vs. May. Source: LJR Redbook. Forecast: N/A. Previous: -0.3%.

Conferences and Meetings

U.S. Bancorp Piper Jaffray Investor Conference

The Hilton Minneapolis & Towers

, Minneapolis, Minnesota. Second of three days. Companies presenting (times Eastern):

Bear Stearns' 11th Annual Technology Conference

,

Grand Hyatt

, New York. First of three days. Companies presenting (times Eastern):

Speeches and Testimony

  • Securities and Exchange Commission Commissioner Laura Unger and David Martin, director of the SEC's Division of Corporate Finance, address the Practicing Law Institute's Securities Law and the Internet Conference in New York. (Last of two days.)
  • Federal Reserve Chairman Alan Greenspan speaks on business data analysis before the New York Association for Business Economics.