Initial Jobless Claims Could Upset the Market this Week

Initial jobless claims, which have been declining recently, will be released on Thursday, and may provide further evidence that a job recovery is afoot. Even nascent signals that the job market is getting better can spur improvements in consumer spending.

Next week will provide inflation-related data with the producer price index, capacity utilization and industrial production figures on Tuesday, followed by the consumer price index on Wednesday. Perhaps most importantly will be the Fed's decision and statement on interest rates, also on Wednesday.

In the coming week we also get quarterly reports from retailer Best Buy (BBY) on Tuesday, as well as FedEx (FDX), Nike (NKE) and Rite Aid (RAD) on Thursday, along with General Mills (GIS). 

The Dow Jones closed at 10,471 on Friday, we'll see if the trend will keep heading up.  Happy Safe investing.