The Fed begins it’s two day meeting today.
Economists predict the Federal Open Market Committee will purchase Treasuries to bolster an existing program to buy $40 billion in mortgage bonds each month. The panel pledged in October to continue that plan until the labor market improves substantially.
There are no Dow stocks at 52 week highs or lows today.
Budget negotiations between the White House and Republican House Speaker John Boehner have progressed steadily in recent days according to people close to the process.
The national average price of gasoline fell 1.2 cents to $3.328 per gallon.
Earnings reports (estimates): DG-Dollar General ($0.60), GEOS-Geospace Tech (0.64), CNSI-Comverse (0.78%).
0830 ET U.S. Oct trade deficit expected -$42.5 bln, Sep -$41.5 bln.
0830 ET USDA WASDE report.
1000 ET Oct wholesale inventories expected +0.4% m/m, Sep +1.1% m/m.
1300 ET Treasury auction of $32 billion in 3-year T-notes.
n/a FOMC 2-day meeting begins.
1630 ET API weekly U.S. oil statistics.