Goldman Sachs report 2 Q earnings
Goldman Sachs is expected to report 2Q earnings today. The bank reported a profit of $1.8 billion in the first quarter after earning strong revenues from its fixed income, commodities and currencies trading division. Shares are expected to rise as the markets open.
June retail sales report
Business inventories fell a sharp 1.1 percent in April as businesses pared stockroom shelves much faster than the 0.3 percent dip in business sales. Another decline in business inventories is expected. Preliminary numbers show a 0.6 percent decline in manufacturers' inventories for May and a 1.4 percent drop in wholesale inventories.
Producer Price Index rises
The Producer Price Index for Finished Goods rose 1.8 percent in June, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This advance followed increases of 0.2 percent in May and 0.3 percent in April.