Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a decrease to 720 thousand from 744 thousand last week.
• Also at 8:30 AM, Retail sales for March is scheduled to be released. The consensus is for a 5.5% increase in retail sales. The consensus is probably low (given the stimulus checks).
• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of 18.2, up from 17.4.
• Also at 8:30 AM, the Philly Fed manufacturing survey for April. The consensus is for a reading of 43.0, down from 51.8.
• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for March. The consensus is for a 3.0% increase in Industrial Production, and for Capacity Utilization to increase to 75.8%.
• At 10:00 AM, The April NAHB homebuilder survey. The consensus is for a reading of 83, up from 82. Any number above 50 indicates that more builders view sales conditions as good than poor.