This week we turn the calendar page, and that change brings with it a raft of economic data. Fed Chairman Ben Bernanke will deliver his semiannual monetary policy testimony before Congress, while Wall Street waits on more earnings reports.
A quiet week for earnings, along with new reports on consumer credit, consumer sentiment, economic optimism, wholesale trade, the U.S. trade balance and federal budget balance, should give the stock markets a chance to settle down after last week's volatility.
Housing data is in the financial spotlight this week, along with an FOMC meeting, the leading economic indicators index and quarterly reports from a number of companies including Adobe, AutoZone and Lennar.
