Thursday: Unemployment Claims, Retail Sales, Philly Fed Mfg, Homebuilder Survey

• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a 1.200 million initial claims, down from 1.314 million the previous week.

• Also at 8:30 AM, Retail sales for June is scheduled to be released.  The consensus is for 5.5% increase in retail sales.

• Also at 8:30 AM, the Philly Fed manufacturing survey for July. The consensus is for a reading of 20.0, down from 27.5.

• At 10:00 AM, The July NAHB homebuilder survey. The consensus is for a reading of 60, up from 58. Any number above 50 indicates that more builders view sales conditions as good than poor.