What to Watch on Wall Street for the Week of Dec. 8, 2014

In the week ahead, we take a look at what's happening on Wall Street and beyond. On Monday, Congress faces a funding deadline as the Senate and House are working to pass a spending bill. The Senate may also approve a defense policy bill for fiscal year 2015. We note two big earnings for the week. Costco Wholesale (COST) will report its quarterly financial results as well as software company Adobe Systems (ADBE). Costco is hoping to impress investors again Wednesday morning after reporting an increase in comparable-store sales last quarter. On the weekly economic calendar, we watch for the JOLTS report, retail sales figures, the producer price index, and the consumer sentiment level.