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Earnings, housing, oil data on tap

Mike Yamamoto (mike.yamamoto@optionmonster.com)

Today's economic reports include data on housing and energy, but attention will likely remain focused on corporate earnings.

Boeing, Caterpillar, Ford, EMC, and Seagate are scheduled to release quarterly results this morning before the market opens. Qualcomm, Facebook, Visa, Citrix, and Western Digital report after the close.

The weekly MBA mortgage-purchase applications are the day's first economic data, coming out at 7 a.m. ET. Traders may be watching for any impact from recent interest-rate fluctuations.  

The Markit PMI manufacturing index for July is scheduled for release at 8:45 a.m. ET. The consensus forecast calls for a reading of 52.8, up from June's 52.2.

New home sales follow at 10 a.m. ET. The consensus expectation for the June data is 481,000, up from May's 476,000.

The weekly EIA petroleum report is scheduled for 10:30 a.m. ET. This could move markets after the recent spike in crude-oil prices.

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