The Week Ahead, July 28-Aug. 1

advertisement | advertise on newsday

KEY EVENT: Wake-up call? A sleepy midsummer week for Main Street could end in a rude awakening for Wall Street depending on the results from a busy schedule of employment, housing and corporate earnings reports and a much-anticipated Fed meeting.

MONDAY: The National Association of Realtors posts pending home sales for June.

TUESDAY: Case-Shiller home prices for May and consumer confidence in July from The Conference Board. Earnings: New Hyde Park shopping centers owner Kimco Realty, American Express, Arrow Electronics, Merck, Pfizer, UPS.

WEDNESDAY: The Federal Reserve issues an update on monetary policy and interest rates. Also, the Commerce Department releases the first look at second-quarter GDP. And payroll processor ADP posts its estimates of private-sector jobs created in July. Earnings: Plainview LED tool supplier Veeco Instruments, Kraft Foods, Whole Foods Market.

advertisement | advertise on newsday

THURSDAY: Jobless benefits claims for the week ended July 26 from the Labor Department. Earnings: Colgate-Palmolive, Exxon Mobil, MasterCard, Time Warner Cable.

FRIDAY: Unemployment and jobs created in July from the Labor Department. Also, motor vehicle sales from automakers and consumer sentiment from the University of Michigan. Earnings: Uniondale real estate investor Arbor Realty Trust, Chevron, Procter & Gamble.

The latest LI business news in your inbox daily. Get the Biz Briefing newsletter!

Comments now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

You also may be interested in: