The Commerce Department is scheduled to release its report on new home sales in the month of May at 10 am ET. Economists expect new home sales to rise to an annual rate of 640,000 in May after tumbling to a rate of 634,000 in April.
At 10:30 am ET, the Energy Information Administration is due to release its report on oil inventories in the week ended June 21st.
Crude oil inventories are expected to decrease by 3.0 million barrels after falling by 2.5 million barrels in the previous week.
The Treasury Department is scheduled to announce the results of this month’s auction of $70 billion worth of five-year notes at 1 pm ET.