New Home Sales, Crude Oil Inventories Reports Due

The Commerce Department is scheduled to release its report on new home sales in the month of August at 10 am ET. New home sales are expected to decrease to an annual rate of 700,000 in August after surging to a rate of 739,000 in July.

At 10:30 am ET, the Energy Information Administration is due to release its report on crude oil inventories in the week ended September 20th. Crude oil inventories are expected to dip by 1.2 million barrels after falling by 1.6 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.

At 4 pm ET, Federal Reserve Board Governor Adriana Kugler is due to speak on the economic outlook before an event hosted by Harvard Kennedy School.