Today's Lineup: Economic Data, Schapiro Confirmation Hearing

Several members of President-elect Obama's financial team are expected to go before the Senate today for their confirmation hearings. The Senate Banking Committee will hold its hearing for Mary Schapiro, Obama's pick to head the Securities and Exchange Commission. The hearing is expected to be lively because Schapiro is expected to get lots of questions from senators about her tenure as the head of the Financial Industry Regulatory Authority, which oversaw the consolidation of the National Association of Security Dealers and the New York Stock Exchange.

Daniel Tarullo, Obama's nominee to join the Federal Reserve's Board of Governors, will also go before the same committee.

But first, the markets will absorb some economic data before the opening bell today. At 8:30 am, weekly jobless numbers will be released, as well as the latest figures on the producer price index.

--Sara Goo