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This week is a shortened one for Wall Street, but investors will get a final reading on third-quarter Gross Domestic Product, existing and new homes sales, as well a few earnings reports.

On Monday, Red Hat (RHT) is expected to report third-quarter earnings of $0.18 per share, down from $0.19 a year ago, on revenue of $166.6 million, according to Thomson Reuters estimates. Shorts trading into earnings may want to find a ceiling in extended hours as shares of the maker of Linux software have a strong tendency to widen their after-hour moves in the regular session following an earnings announcement, doing so in 13 of the last 19 quarters. On September 24, the stock fell 3.6% even after the company's second-quarter results beat the Street. The stock widened its gain the following session, ending down 8.5%.

On Tuesday, Micron Technology (MU) is slated to report first-quarter results after the bell. Analysts are expecting the company to report a loss of $0.43 per share, worse than the $0.34 per share loss a year ago, on sales of $1.3 billion. Micron shares jumped more than 20% on Thursday after the company said it has developed a longer-lasting flash-based storage technology for business applications with Sun Microsystems (JAVA). As for trading into earnings, in the near-term, Micron has a widening trend, with more vigorous, same-direction next-day trade in three of the past four quarters.