Earnings remain dominant on calendar


Weekly jobless claims are the main economic report on today's calendar, and the earnings lineup remains active.

The Labor Department will release the data at 8:30 a.m. ET. Economists expect that 351,000 Americans filed for first-time unemployment benefits, down from 352,000 last week. A higher number may be interpreted bearishly because it would mean that more people had lost their jobs, while a lower one would be bullish.

The Energy Department will announce weekly natural-gas inventories at 10:30 a.m. ET. Corporate results are scheduled from companies including 3M, ConocoPhillips, Dow Chemical, Exxon Mobil, Colgate-Palmolive and Hershey in the morning session. The afternoon brings Amazon, Expedia, KLA-Tencor, and Starbucks.

The focus will return to macronomic data tomorrow morning when the Commerce Department announces its advance estimate of first-quarter gross domestic product.

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