U.S. Jobless Claims And Existing Home Sales Among Biggest Macro Catalysts Today

U.S. stocks closed lower on Wednesday after Target Corporation TGT reported weaker-than-expected quarterly earnings.

Let’s have a look at the major economic events scheduled for today.

Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims coming in at 265,000 for the August 13 week, compared to 262,000 in the previous week.
The Philadelphia Fed manufacturing index for August will be released at 8:30 a.m. ET. The Philadelphia Fed manufacturing index is likely to recover slightly to negative 5.0 in August from minus 12.3 in July.
Data on existing home sales for July will be released at 10:00 a.m. ET. Existing home sales are projected to decline to an annualized rate of 4.85 million in July from 5.12 million in the previous month.
The index of leading economic indicators for July is scheduled for release at 10:00 a.m. ET. After June's 0.8% contraction, the index of leading economic indicators is expected to contract further by 0.5% in July.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
Federal Reserve Bank of Kansas City President Esther George is set to speak at 1:20 p.m. ET.
Minneapolis Fed President Neel Kashkari will speak at 1:45 p.m. ET.