Mortgage applications only data today

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The economic calendar is quiet today but leads up to some big data next week.

Weekly mortgage applications at 7 a.m. ET is today's only report. The data could affect market sentiment because it may reveal whether higher rates are hurting real-estate demand.

Tomorrow brings initial jobless claims and pending home sales. There are also some big Japanese numbers in the following overnight session.

After that, the next big event comes on Monday when the Institute for Supply Management releases its factory index for June. Attention then shifts to employment, with the ADP private-sector payrolls report scheduled for Wednesday, July 3.

The market will be closed on July 4 in observance of Independence Day. The following Friday features initial jobless claims (moved from Thursday) and the pivotal monthly non-farm payrolls report.


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