The government releases its second estimate of the gross domestic product for the first three months of the year. The first estimate for GDP, the broadest measure of the U.S. economy, rose 2.5% in the quarter. Economists from Briefing.com expect that number to stay the same.
Several reports on how the consumer is feeling about the economy are due out throughout the week, including consumer confidence, personal income and spending and Michigan sentiment.
Abercrombie isn't cool. Stock tanks.
People will be looking to see if Americans are tightening their purse strings due to the payroll tax and delay in income tax refunds.
Wal-Mart(WMT), the nation's largest retailer, said these factors caused its customers to pull back in the first three months of the year.
The housing market will also be in focus this week, as the Case Shiller 20-city index and pending home sales will also be in play.