Volatility in US markets - New York Report

AFTER a holiday-shortened trading week that pinned stocks in a tight trading range, equities are poised for a bout of renewed volatility as investors watch the economy and the Federal Reserve for signs of policy changes and economic strength.

With worries about Greece taking a back seat, traders this week could focus on the slew of expected economic data, including several reports on the housing market, consumer confidence, the consumer price index and the preliminary fourth-quarter reading on gross domestic product.

The data will give investors fuel to speculate on the timing and speed of an interest rate hike by the US Federal Reserve.

Macy’s, Dow component Home Depot, Target, Lowe’s Companies and Gap are among the notable names scheduled to post results this week.