Five Stock Market Changers for the Week

Spending, incomes: Two important measures of the “pocketbook” economy come out this week. Personal incomes and personal consumption spending are due Monday (8:30 a.m.) and the non-farm payrolls (aka, “unemployment”) report on Friday (8:30 a.m.). Unlike the recent GDP revision, these figures more closely relate to the economy right now, that is, how much Americans are spending (or not) and how secure they might feel in the job market (or not).

Manufacturing, jobs: Another closely watched figure will be the ISM Manufacturing Index (Wednesday at 10 a.m.), particularly “new orders” figures. If orders slip below 50.3 on the index, experts believe stocks will struggle over the following six months.

Fed watch: Fed officials say that rates will stay low for “an extended period.” Nevertheless, the uncertainty inherent in the economy makes the Fed record especially touchy material. Minutes from the Aug. 10 meeting will be released Tuesday at 2 p.m.

Even more Fed watch: More chances to try to figure out future Fed direction: St. Louis Fed President James Bullard will give a welcome speech Monday at an event, around lunchtime. Dallas Fed President Richard Fisher, an inflation hawk, will speak in Houston at a luncheon on Wednesday. Dennis Lockhart, Atlanta Fed president, is scheduled to speak on the economy Friday mid-morning at a university in Tennessee.

Major earnings: Winn-Dixie Stores (Monday), Dollar General, DSW (Tuesday), Brown-Forman, Express, HJ Heinz, Jos. A. Bank, Zale, Joy Global, Hovnanian Enterprises, SAIC (Wednesday), Del Monte, Jackson Hewitt, Movado Group, Sycamore, Cooper Cos., H&R Block, Quiksilver (Thursday), Campbell Soup (Friday).

Thanks to my friends at for this post

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