Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), Challenger Job-Cut Report (7:30am), ADP Employment Report (8:15am), Productivity and Costs (8:30am), EIA Petroleum Status Report (10:30am), Consumer Credit (3pm)
Premarket Update (Updated 6:30am eastern):
- US Futures are bouncing this morning – up moderately.
- Asian markets saw losses of about -0.7%.
- European markets are trading 0.3% higher.
Technical Outlook (S&P):
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