Premarket, futures are up despite the fiscal cliff. Gainers this morning include DELL (+5.91%), IGT, VMC, AMD and BSX while losers include WY (-1.67%), YHOO, ETN, CF and EIX.
Bank of America (BAC) shares are up following reports over the weekend that the bank was backing down on instituting new fees this year that would have impacted more than 10 million customers.
Europe is mostly higher and Asian markets ended mixed.
There was nothing good over the weekend on the fiscal cliff.
The national average price of gasoline is down four-tenths of a cent to $3.387 per gallon.
Earnings reports (estimates): CONN-Conn’s Inc. ($0.27), CENT-Central Garden and Pet Co. (-0.21).
1000 ET Nov ISM manufacturing index expected -0.2 to 51.5, Oct +1.9 to 51.7. Nov ISM prices-paid sub-index expected -1.7 to 53.3, Oct -3.0 to 55.0.
1000 ET Oct construction spending expected +0.4% m/m, Sep +0.6% m/m.
1100 ET USDA weekly grain export inspections.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1340 ET St. Louis Fed President James Bullard speaks in Little Rock, AR on the economy and monetary policy.
1700 ET Nov total vehicle sales expected 14.8 mln, Oct 14.22 mln. Nov domestic vehicle sales expected 11.3 mln, Oct 11.10 mln.