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Monday, March 22, 2010

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Monday: There are no market-moving economic or profit reports scheduled Monday. In the late afternoon, the Senate Banking Committee holds a hearing on Sen. Christopher Dodd's, D-Conn., financial reform bill.
Tuesday: The February Existing Home Sales index from the National Association of Realtors is due out in the morning. Sales are expected to have fallen to a 5 million unit annualized rate, according to Briefing.com estimates, from a 5.05 million unit annualized rate in January.
The FHFA Home Price index is also due out in the morning.
Wednesday: Durable goods orders, from the Commerce Department, are expected to have risen 0.5% in February after rising 2.6% in the previous month. Durable goods excluding autos are expected to have risen 0.3% after falling 1% in January.
February new home sales are expected to have risen to a 315,000 annualized unit rate from a 305,000 annualized unit rate in January. The Census Bureau report is due out shortly after the start of trade.
The weekly crude oil supplies report from the Energy Information Administration is also due in the morning, but it is not typically a market mover.
Thursday: Weekly jobless claims and continuing jobless claims are due out from the Department of Labor in the early morning.
Claims are expected to have fallen to 450,000 last week from 457,000 in the previous week. Continuing claims, a measure of Americans who have been receiving benefits for a week or more, are expected to have fallen to 4.560 million from 4.579 million in the previous week.
Although the quarterly earnings reporting period is mostly over, a few companies are still reporting results this week.
Best Buy (BBYFortune 500) reports in the morning and is expected to report earnings of $1.79 per share, versus $1.61 per share a year ago, according to analysts surveyed by Thomson Reuters.
Oracle (ORCLFortune 500) also reports after the bell and is expected to have earned 38 cents versus 35 cents a year ago.
Friday: The government's revision of fourth-quarter Gross Domestic Product (GDP) growth is due out shortly before the start of trade. However, GDP is expected hold steady at the same 5.9% annualized rate it was reported at previously.



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