This morning we have Home Depot (HD) at a new 52 week high and no 52 week lows, with Dow stocks anyway.
WMT, MRK, BAC, DIS, UNH, TRV and HPQ all have dividends payable in December.
Personal income remained unchanged in October. Consumer spending dropped 0.2 percent in October. That’s down from an increase of 0.8 percent in September and the weakest showing since May. Income was flat in the month following a 0.4 percent rise in September.
European stocks are mixed and Asian markets ended mixed.
The national average price of gasoline is down seven-tenths of a cent to $3.402 per gallon.
Earnings reports (estimates): WWAV-Whitewave ($0.17), UNFI-United Natural (0.46), GCO-Genesco (1.33).
0830 ET Oct personal income expected +0.2% m/m, Sep +0.4% m/m. Oct personal spending expected unch m/m, Sep +0.8% m/m.
0830 ET Oct PCE deflator expected +0.1% m/m and +1.8% y/y, Sep +0.4% m/m and +1.7% y/y. Oct core PCE deflator expected +0.2% m/m and +1.7% y/y, Sep +0.1% m/m and +1.7% y/y.
0900 ET Nov Milwaukee NAPM index expected 47.0, Oct 43.3.
0945 ET Nov Chicago PMI expected +0.6 to 50.5, Oct +0.2 to 49.9.
1700 ET Fed Governor Jeremy Stein and Minneapolis Fed President Narayana Kocherlakota speak at Boston Fed on a panel discussion about evaluating large-scale asset purchases.