U.S. Markets open in 5 hrs 26 mins

Key Employment Situation Report Takes Center Stage

TheStreet

The all-important, market moving Employment Situation report will be released Friday, a key piece of data that traders position around. TheStreet’s Jill Malandrino points out other data that will drive headlines in the shortened holiday week ahead include manufacturing and consumer. Monthly same-store sales will put retail stocks in the spotlight as we hear about trends from back-to-school shopping and thoughts into holiday 2014, while motor vehicle sales will drive auto stocks. The earnings calendar is light, but Toll Brothers and Hovnanian are expected to report. Investors will look for trends in the housing recovery and which regions continue to see growth. Expectations are for a good 2014, with more strength for the homebuilders in 2015.