Politics, manufacturing data on tap

By
A A A

Today's calendar features key manufacturing data, but politics will likely remain the principal catalyst for trading.

The Institute of Supply Management will announce its index for September at 10 a.m. ET. Economists forecast a reading of 55, compared with 55.7 the previous month. Higher readings could be bullish, while lower figures could hurt sentiment.

Nonetheless, attention will probably remain focused on Capitol Hill, where Republicans and Democrats are battling over a budget for the fiscal year that begins today. Health-care stocks and medical-device makers could be especially active because the debate centers on Obamacare--in particular its tax on medical devices.

The Commerce Department will also release construction spending for August at 10 a.m. ET. While economists expect a gain of 0.4 percent, the report is unlikely to affect sentiment because it covers a time period that is well in the past. Walgreen also reports quarterly results before the opening bell.

Tomorrow's main events include the European Central Bank's interest-rate decision and ADP's monthly survey of private-sector payrolls. Thursday brings service-sector data, initial jobless claims, and factory orders. The key non-farm payrolls report follows Friday morning.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


This article appears in: Investing , Options

Referenced Stocks: SPX

optionMONSTER

optionMONSTER

More from optionMONSTER:

Related Videos

Stocks

Referenced

Most Active by Volume

55,414,702
  • $15.38 ▼ 0.39%
38,503,210
  • $66.34 ▲ 2.26%
36,466,704
  • $8.36 ▼ 9.52%
35,253,294
  • $26.55 ▲ 1.34%
32,752,347
  • $6.55 ▲ 1.87%
31,778,001
  • $95.22 ▲ 0.19%
28,396,556
  • $51.49 ▼ 0.62%
23,800,987
  • $42.09 ▲ 0.97%
As of 7/11/2014, 04:03 PM