Economic Catalysts For March 30

The economic calendar is moderately busy today, with consumer reports on focus. The following reports are set to be released today:

The ICSC-Goldman Store Sales report: It will be released at 7:45 a.m. ET and will depict week-over-week change and year-over-year change. However, most traders focus on the year-over-year figure, as this comparison is less noisy than week-over-week.

Redbook Store Sales report: It will be reported at 8:55 a.m. ET. Although the report features both month-over-month and year-over-year change, most traders focus on the year-over-year numbers.

The S&P Case/Shiller Home Price Index: This will be released at 9 a.m. ET and is expected to be at -0.6% year-over-year. This would be quite different from the last report of -3.1%. If the data comes less negative than forecasted, it would reflect a bullish stance. With the release of this index, the SPDR S&P Homebuilders (NYSE: XHB) exchange-traded fund and its underlying assets and banks with large mortgage exposure, such as Bank of America (NYSE: BAC), Citigroup (NYSE: C), JP Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC), will be active on the news.

The Conference Board's Consumer Confidence Index: This index will be reported at 10 a.m. ET. The consensus expects the index to rise to 50. This index figure for the last month came at 46, which is 16% lower than the expected reading of 55, resulting in a sell off in the market.

Read more from Benzinga's Markets.