By Bryan McCormick
Today's economic calendar is brief, though tomorrow's will be the heaviest of the week when GDP and Chicago PMI numbers come out.
The weekly Jobless Claims data will be released today at 8:30 a.m. ET. Consensus calls for a small drop to 415,000 initial claims, a slight improvement from last week's 418,000. The range of expectations runs between a bullish decline to the psychologically important 400,000 level and a more bearish increase in claims to 440,000.
The Bloomberg Consumer Comfort Index will be reported at 9:45 a.m. ET. There is no consensus data available for this release, which was previously maintained by ABC News, but last week's reading came in at -43.3. A larger negative value would be bearish, while a smaller one would be bullish.
Pending Home Sales will be released at 10 a.m. ET. Most economists expect a -2 percent drop in the index's value. Forecasts range from a bearish -5 percent to a bullish 2.5 percent.