On Tuesday the Federal Reserve Board begins two days of meetings and while no new stimulus programs are expected to be launched, once again investors will looking for signs of how close policy makers are to announcing further intervention.
Interest rates won't change. Fed board members announced their intentions long ago to keep rates at historic lows until at least 2014 and nothing has happened to shift that policy. To the contrary, a weak labor market in recent months seems to confirm that strategy.
Also a possibility next week (but not likely) is a ruling from the U.S. Supreme Court on whether the individual mandate aspect of the national health reform legislation enacted in 2010 is constitutional. Opponents of the law have sued the administration arguing that the government cannot force individuals to buy insurance or face penalties.
Technology bellwether Oracle (NASDAQ:ORCL) is scheduled to release its quarterly earnings report next week, which should offer a glimpse of corporate spending on technology.