Economics:

• 8:30 a.m. — Housing starts and building permits for April are due. The forecast is that they rose to a 570,000 annualized rate from 549,000 in March. Though who’s counting? Do we really need more houses?
• 9:15 a.m. — Industrial production and capacity utilization for April. The rebound has been led by a strong factory sector. Can it continue? Economists expect IP rose 0.4% in April, slower than the 0.8% gain in March. Capacity utilization is expected to be a sluggish 77.6%.

Earnings: We’ll get reports from …

• Wal-Mart
• Home Depot
• Dell, after the bell. This could be an interesting one, given how wobbly tech has been recently.

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