Today's economic calendar will be busy, covering reports on durable goods, GDP data, jobless claims, and pending home sales.
Durable goods for August will be reported at 8:30 a.m. ET. The consensus forecast calls for a reading of -5.0 percent, down from July's 4.2 percent. Estimates range from -9.4 percent to -1.1 percent. Excluding transportation, the consensus expectation is 0.2 percent versus July's -0.4 percent, within an estimated range of -1.9 percent to 0.7 percent.
Second-quarter GDP data is also scheduled for 8:30 a.m. ET with a consensus forecast of 1.7 percent, unchanged from the first quarter and within an estimated range of 1.5 percent to 2 percent. The GDP price index is expected to remain unchanged at 1.6 percent.
Weekly jobless claims will be released at 8:30 a.m. ET as well. The consensus forecast calls for 376,000 new filings, down from the previous week's 382,000 and within an estimated range of 372,000 to 385,000. Continuing claims are expected to come in at 3.27 million, down from the previous week's 3.272 million.
The Bloomberg Consumer Comfort Index will come out at 8:45 a.m. ET.
Pending home sales for August will follow at 10 a.m. ET. The consensus expectation is 0.3 percent, down from July's 2.4 percent. The range is from -1.5 percent to 3 percent.
The weekly EIA natural-gas inventory report is scheduled for 10:30 a.m. ET.
The Kansas City Fed Manufacturing Index for September will be released at 11 a.m. ET. The consensus forecast calls for a print of 5, down from August's 8. Estimates range from -2 to 9.
A seven-year Treasury auction is scheduled for 3 p.m. ET, followed by farm prices at 4:30 p.m. ET.
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