On Monday, the Dow Jones Industrial Average will officially change. For the first time since 1925, General Motors will no longer be part of the Dow. Citigroup (C) and GM (GM) are out. Cisco (CSCO) and Travelers (TRV) are in.
On Tuesday, the Commerce Department will report on wholesale inventories. Wall Street is expecting a drop of 1%. Also, Green Mountain Coffee Roasters (GMCR) will split its stock 3-for-2.
On Wednesday, the Federal Reserve will release its Beige Book survey which gives a close look at U.S. economic activity. The Commerce Department will also report on the trade deficit for April. The consensus is that the trade deficit widened again.
On Thursday, ArcSight (ARST) will report its earnings. Also, the Commerce Department releases the April data on business inventories.
Finally on Friday we’ll get the report on consumer confidence. Plus, Treasury Secretary Timothy Geithner heads off to Italy for the G-8 meeting of finance ministers.