Friday:

• At 8:30 AM ET, Housing Starts for December. The consensus is for total housing starts to decrease to 985 thousand (SAAR) in December.

• At 9:15 AM, the Fed will release Industrial Production and Capacity Utilization for December. The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 79.1%.

• At 9:55 AM, the Reuter's/University of Michigan's Consumer sentiment index (preliminary for January). The consensus is for a reading of 83.5, up from 82.5 in December.

• At 10:00 AM, the Job Openings and Labor Turnover Survey for November from the BLS.