The Week Ahead, May 27-30
KEY EVENT: Summer preview. Multiple reports on the housing market and several updates on consumers' confidence about their financial and employment situations may give clues on whether the summer will be a hot one for the economy.
MONDAY: U.S. financial markets closed for Memorial Day.
TUESDAY: The closely watched Case-Shiller home prices report and the Federal Housing Finance Agency single-family price index, both for March. Also, consumer confidence for May from The Conference Board and durable goods orders for April from the Commerce Department. Earnings: AutoZone.
WEDNESDAY: Earnings from restaurant operator Cracker Barrel, apparel retailer Michael Kors and homebuilder Toll Brothers.
THURSDAY: The National Association of Realtors posts April pending home sales, an early indicator of closed sales of houses and condos a few months from now. Also, the Commerce Department issues its update on second-quarter GDP and the Labor Department reports on claims for jobless benefits for the week ended May 24. Earnings: Port Washington filtrations-systems provider Pall, Abercrombie & Fitch, Costco.
FRIDAY: Consumer sentiment in May from the University of Michigan. Also, April personal income and savings from the Commerce Department. Earnings: Ann Taylor owner Ann. -- PETER KING
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
