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Thursday: GDP, Unemployment Claims, Pending Home Sales

Thursday:
• At 8:30 AM ET, Gross Domestic Product, 2nd quarter (advance estimate), and annual update. The consensus is that real GDP increased 8.6% annualized in Q2, up from 6.4% in Q1.

• At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 400 thousand from 419 thousand last week.

• At 10:00 AM, Pending Home Sales Index for June. The consensus is for a 0.5% increase in the index.

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