KEY EVENT: Looking for a rebound. On Tuesday the Federal Reserve Bank of New York releases its Empire State index for January. The index, compiled from responses from a variety of industries, measures manufacturing activity in the state. The December reading was disappointing, with the index recording its first negative number since January 2013, indicating a possible slowdown.
MONDAY: Earnings from Alcoa.
TUESDAY: The small business optimism index for December from the National Federation of Independent Business.
WEDNESDAY: The Commerce Department posts December retail sales, which should give an assessment of how the holiday shopping season went for retailers. Also, the Federal Reserve releases the January beige book, a collection of nonofficial, mostly anecdotal economic data. And the Labor Department releases import and export prices for December. Earnings: JPMorgan Chase, Wells Fargo.
THURSDAY: Two reports from the Labor Department: producer prices for December and jobless benefits claims for the week ended Jan. 10. Earnings: Bank of America, Citigroup, Intel.
FRIDAY: The Labor Department releases December consumer prices, its closely watched inflation gauge. Also, consumer sentiment in early January from the University of Michigan and December industrial production from the Commerce Department. Earnings: Goldman Sachs.