On Tap Today: Three Little Indicators

Three weekly economic indicators due this day after the 4th, and they remind of last night's fireworks: They're timely, volatile and generally cover only a spurt of time.

Two spending indicators (and therefore potential market movers) respectively track retail chains and department stores. The

BTM Weekly U.S. Retail Chain Store Sales Index

and the

Redbook Retail Average

, a weekly figure that examines the prior month through Saturday, are anticipated.

The

Consumer Comfort Index

comes hours after the closing bell and so will have as little market influence as the monthly

leading economic indicators

appearing today -- although designed to predict economic activity during the first half of next year, many of the 10 indices are already public.

Economic Data

(

Forecasts are from

Reuters

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

TSC's

Economic Databank.

)

9 a.m.: BTM Weekly U.S. Retail Chain Store Index for the week ended Saturday. Source: Schroder. Forecast: N/A. Previous: unchanged.
10 a.m.: Redbook Retail Average for the month through Saturday, vs. the prior month. Source: LJR Redbook. Forecast: N/A. Previous: unchanged.
10 a.m.: Leading economic indicators for May. Source: Conference Board. Forecast: -0.2%. Previous: -0.1%.
2:30 p.m.: TIPS auction announcement Source: Bureau of the Public Debt. The Treasury announces the size of its auction next Wednesday of 10-year Treasury Inflation-Protected Securities, or TIPS.
6:30 p.m.: Consumer Comfort Index for the week ended Saturday. Source: Money Magazine and ABC News. Forecast: N/A. Previous: 23.