Premarket, futures are down as investors are awaiting more info from the Fed meeting this week. Gainers this morning include TSO (+2.14%), RF, AMD, COG and S while losers include HCBK (-3.18%), AIG, MOS, STX and CLF.
Last week DJIA was up +1.6%, Nasdaq +2.3%, S&P 500 +2.2% and Russell 2000 +3.7%.
Year-to-date DJIA is up +8.9%, Nasdaq 20.4%, S&P 500 +14.3% and Russell 2000 +13.7%.
It’s definitely time for the Russell 2000 to fly past Nasdaq.
Friday’s weak jobs report prompted further speculation that the central bank will move forward with a new round of quantitative easing, a possibility Fed chairman Ben Bernanke alluded to in a speech last month.
European stocks were mixed in afternoon trading and Asian stocks ended mixed.
Chinese imports fell 2.6% in August while exports grew less than expected in the latest sign of weakness in the world’s second-largest economy.
The national average price of gasoline is up three-tenths of a cent to $3.828 per gallon.
Wednesday, Apple (AAPL) is expected to unveil details about the iPhone 5.
1100 ET USDA weekly grain export inspections.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1500 ET July consumer credit expected +$8.8 bln, Jun +$6.459 bln.
1600 ET USDA Crop Progress.