Final Q2 GDP data and initial jobless claims will be released at 8:30 AM ET. Consensus is for a 1.2% increase in real GDP and a drop in new claims to 420K. Follow the release at Money Game >
Nokia announced plans to layoff 3,500 employees. The cuts have come from the shutdown of a manufacturing plant in Cluj, Romania. The company also announced a cut in manufacturing and the consolidation of its location and commerce teams.
The pending home sales index for August will be released at 10 AM ET. Expectations are for 2% month-over-month drop. |