Earnings the main event on calendar

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There are no economic reports scheduled for today, but three blue-chip companies will report earnings this morning.

General Electric, Honeywell, and McDonald's will each release quarterly results before the opening bell.

Next week returns the focus to macro-economic news as corporate releases continue to flow. Monday brings the Chicago Federal Reserve's regional economic index and existing home sales in the morning, then Chinese manufacturing data in the evening.

Germany and the Eurozone follow with similar data on Tuesday. The U.S. housing market will also be in focus as the FHFA releases its price index and the Commerce Department reports new home sales.

Wednesday brings durable-goods orders and Thursday features weekly jobless claims. Friday sees the release of first-quarter gross domestic product.

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