Durable goods, housing data on docket
Evan McDaniel | firstname.lastname@example.org
The day begins with the weekly MBA mortgage-purchase applications at 7 a.m. ET. There are no projections for this report, which came in at -5.5 percent in its last reading.
Durable goods for May will be released at 8:30 a.m. ET. Analysts are expecting new orders to have risen from 0.2 percent in April to 0.4 percent in May, within an estimated range of -1 percent to 1 percent. Excluding transportation, analysts anticipate a gain to 0.8 percent in May, up from April's -0.6 percent, within a range of -0.5 percent to 1.5 percent.
Pending home sales for May are scheduled for 10 a.m. ET. The consensus forecast calls for a rise to 1.2 percent from April's -5.5 percent. Estimates range from -1.6 to 4 percent.
Weekly EIA petroleum inventory figures will be reported at 10:30 a.m. ET. Last week's crude-oil supplies showed a build of 2.861 million barrels.
A five-year Treasury note auction will close out the calendar at 1 p.m. ET.
Looking forward to tomorrow, traders will be focusing on second-quarter GDP figures at 8:30 a.m. ET and a possible Supreme Court ruling on Obamacare at 10 a.m. ET.