Market Insider

What to watch after stock market trifecta

Stock index record trifecta
Dow, S&P, Nasdaq close at record highs
Pro: Not optimistic about pick-up in economy

The consumer powered what little growth there was in the first half of the year, so Friday's July retail sales is an important look at the economy's engine at the start of the second half.

Retail sales are expected to grow by 0.5 percent, or 0.1 percent if automobiles are excluded. There is also PPI producer price inflation at 8:30 a.m. EDT. Consumer sentiment and business inventories are both at 10 a.m. Earnings are expected from J.C. Penney.