The week ahead

Today

Congressional Budget Office releases updated 10-year budget forecast.

Gateway and Lowe’s issue quarterly reports.

Tuesday

United States and China open negotiations in San Francisco on a possible treaty limiting textile imports.

Hewlett-Packard, Home Depot, J.C. Penney, Wal-Mart issue quarterly reports.

Economic indicators: July consumer prices, housing starts, industrial production.

Wednesday

BEA Systems, CACI International, Harman International Industries issue quarterly reports.

Economic indicator: July producer prices.

Thursday

Barnes & Noble, Gap and Limited issue quarterly reports.

Economic indicator: July leading indicators.

Friday

Northwest Air Lines faces possible strike by mechanics union..