Investors will be anxiously awaiting word from President Obama next week as he fleshes out plans to rev up the stalled economy.
The president said Friday that he will announce some new proposals aimed at creating jobs, but he offered no details.
Obama will speak Monday in Milwaukee, Wis. to mark Labor Day, traditionally the kickoff of the fall political campaign season. But the November congressional elections have been drawing attention for months, and the nation's high unemployment rate is likely to be the dominant issue in many races.
Obama also is scheduled to travel to Cleveland on Wednesday, and he will hold a White House press conference next Friday as he cranks up efforts to try and help revive the slowing economy.
Stock markets, banks, businesses and government offices in the U.S. and Canada will be closed Monday for the Labor Day holiday.
The Census Bureau will release July trade data on Thursday. The U.S. trade deficit jumped in June to $49.9 billion from $42 billion in May, its widest point since October 2008. According to Briefing.com's consensus forecast, the figure should decline slightly in July.
Also out next week is a report on wholesale trade, which includes sales and inventory statistics from the second stage of the manufacturing process. The latest data is also for July.
Among appearances by Federal Reserve officials: Fed Minneapolis President Narayana Kocherlakota speaks Wednesday in Missoula, Mont.
More retailers and apparel companies will report quarterly results in the coming week, and while many are expected to report higher sales, concerns remain about a cautious consumer sentiment in the second half of the year.
Apparel company Phillips-Van Heusen Corp. (PVH) will report Tuesday, while auto-parts retailer Pep Boys-Manny Moe & Jack (PBY) and women's apparel retailer Talbots Inc. (TLB) report a day later. All three are expected to post higher revenue from a year ago, according to analysts polled by Thomson Reuters, with Phillips-Van Heusen to greatly benefit from its $3 billion acquisition of Tommy Hilfiger.
Other notable companies reporting results next week include commercial truck and engine maker Navistar International Corp. (NAV) on Wednesday and chip maker National Semiconductor Corp. (NSM) and gun maker Smith & Wesson Holding Corp. (SWHC) on Thursday.
Semiconductor companies Texas Instruments Inc. (TXN) and Altera Corp. (ALTR) are scheduled to update their third-quarter guidance on Thursday and Tuesday, respectively. Intel Corp. (INTC), the world's largest chip maker, a week ago slashed its third-quarter revenue and margin targets because of weaker-than-expected consumer demand for mobile personal computers in the U.S. and Europe.
The Financial Crisis Inquiry Commission, which is tasked with investigating the causes and fallout from the credit-market collapse, will hold public meetings Tuesday in Bakersfield, Calif., and Wednesday in Las Vegas. The panel plans to hear testimony from local residents about the causes and effects of the financial crisis in their communities.
Securities and Exchange Commission Chairwoman Mary Schapiro will speak at an Economic Club of New York luncheon Tuesday. The SEC is facing a mammoth workload in the wake of the financial crisis. It has been given the task of more studies and rules from the sprawling Dodd-Frank financial bill than any other federal agency. Meanwhile, it is racing to implement changes aimed at preventing another "flash crash." An SEC report on the causes of the May 6 crash is due this month.
Euro-zone finance ministers are scheduled to approve the next EUR 9 billion ($11.57 billion) tranche of emergency financial aid to Greece at a special meeting Tuesday in Brussels.
Among the significant conferences next week are the Barclays Back-To-School Consumer Conference from Monday through Wednesday in Boston; Citi Global Technology Conference on Tuesday and Wednesday in New York; Keefe, Bruyette & Woods Inc. Insurance Conference on Tuesday and Wednesday in New York; Jefferies & Co. Global Shipping & Logistics Conference on Wednesday in New York; and Credit Suisse Auto & Transportation Conference on Wednesday and Thursday in New York.