European markets were mixed in morning trading.
In Asia, Japan’s Nikkei ended down 0.1% and markets in Shanghai and Hong Kong are closed for a holiday.
Australia’s central bank cut its interest rate to 3.25% over concerns about China’s slowing growth.
A multi-billion dollar civil suit was filed by the New York State Attorney General’s office against JPMorgan Chase over mortgage-backed securities.
Yesterday we had new 52 week highs from GE, VZ, PFE, HD, IBM and TRV.
Alcoa (AA) officially kicks off third-quarter earnings season next week and analysts who know the company best are expecting the aluminum producer to report a penny per share in earnings on $5.6 billion in sales. Down sharply from $0.15 per share and over $6.4 billion in revenues that it delivered in Q3 last year.
The national average price of gasoline is down two-tenths of a cent to $3.780 per gallon.
0745 ET ICSC (Int’l Council of Shopping Centers) weekly retailer sales.
0855 ET Redbook weekly retailer sales.
0945 ET Sep NY ISM manufacturing index, Aug 51.4.
1130 ET Weekly 4-week T-bill auction.
1630 ET API weekly U.S. oil statistics.
1700 ET Sep total vehicle sales expected 14.50 mln, Aug 14.46 mln. Sep domestic vehicle sales expected 11.40 mln, Aug 11.54 mln.