Stocks look for post-Fed rebound

  @emilyjanefox June 23, 2013: 12:04 PM ET
dow5day

Click the chart for more stock market data.

NEW YORK (CNNMoney)

After last week's blow to the stock market, investors will be looking for a recovery this week.

All three major U.S. stock market indexes ended lower last week, as investors were spooked when Federal Reserve chairman Ben Bernanke hinted that the central bank might wind down its U.S. economic stimulus program later this year.

The simple mention was enough to drag the Dow Industrial Average, the S&P 500 and the Nasdaq down between 1.8% and 2.1% for the week.

Investors might return to taking guidance from the economic narrative. This week, there will be data from the housing market, consumers, GDP and some corporate news to contend with.

Bernanke on stimulus in 90 seconds

The government will release on Wednesday its third estimate of the gross domestic product for the first three months of the year. The second estimate for GDP, the broadest measure of the U.S. economy, rose 2.4% in the quarter. Economists from Briefing.com expect it to stay the same.

Reports on the housing market, which has been soaring as of late, will provide a pulse for a key segment of the economy. New home sales, the Case-Shiller 20-city index and FFHA housing price index are due out throughout the week.

How the consumer is faring will also be on view via personal income and spending, consumer confidence and Michigan sentiment.

Related: Fear & Greed Index

On the corporate front, several companies will report earnings this week, including Carnival Cruises (CCL), Barnes & Noble (BKS, Fortune 500), Nike (NKE, Fortune 500), General Mills (GIS, Fortune 500) and Blackberry (BBRY).

The Microsoft (MSFT, Fortune 500) Build event is expected to preview the new Windows operating system, codenamed 'Blue,' in San Francisco, from Wednesday through Friday. To top of page



Join the Conversation
Markets
Sponsored by
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 6:23pm ET
Company Price Change % Change
Bank of America Corp... 16.15 0.02 0.12%
Facebook Inc 58.94 -0.78 -1.31%
General Electric Co 26.56 0.44 1.68%
Cisco Systems Inc 23.19 0.16 0.69%
Micron Technology In... 23.91 1.43 6.36%
Data as of 4:01pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.32%4.26%
15 yr fixed3.36%3.27%
5/1 ARM3.37%3.27%
30 yr refi4.31%4.24%
15 yr refi3.34%3.25%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.