A weekly briefing on the economic calendar:
Earnings reports: First Health, Zale, Abercrombie, Agilent
The Census Bureau of the Department of Commerce announces housing starts and building permits for January. Starts are a measure of the number of residential units on which construction is begun each month, and permits represent the number of new excavations authorized. December housing starts showed a 2 percent gain from November's 20-year high. December permits were at a strong 1.924 million as housing demand remained near record levels.
Earnings reports: Ballard Power, MGM, Hewlett-Packard, Intuit.
The Department of Labor announces the January producer price index, which measures prices of goods at the wholesale level. Last month's announcement of surprise back-to-back 0.1 percent declines in the core rate emphasizes the lack of pricing pressures.