Thursday
8:30 ET: Advance Q2 GDP (consensus 1.6%; prior 2.0%), advance Q2 GDP Deflator (consensus 3.0%; prior 4.1%), Weekly Initial Claims ( consensus 233,000; prior 228,000), Continuing Claims (prior 1.754 mln), June Durable Orders (consensus 1.0%; prior 1.7%), Durable Orders ex-transportation (consensus 0.2%; prior 0.6%), June advance goods trade deficit (-$91.1 bln), June advance Retail Inventories (prior 0.8%), and June advance Wholesale Inventories (prior -0.1%)
10:00 ET: June Pending Home Sales (consensus 0.3%; prior -2.7%)
10:30 ET: Weekly natural gas inventories (prior +41 bcf)
13:00 ET: $35 bln 7-yr Treasury note auction results