There are several events on today's economic calendar, but the
fiscal impasse in Washington is likely to remain the key market
The news begins across the Atlantic early in the session, with
service-sector purchasing managers index data and retail sales.
Those could have some impact on trading.
The main U.S. data release is the Institute of Supply Management's
service-sector index at 10 a.m. ET. Economists expect a reading of
57.2, down from 58.6 last month.
The Labor Department normally would release weekly jobless claims
at 8:30 a.m. ET, but the numbers are unlikely to come out today
because of the government shutdown. Factory orders from the
Commerce Department at 10 a.m. ET and natural-gas inventories from
the Energy Department at 10:30 a.m. ET will probably be skipped as
Economists were looking for claims to rise to 315,000 from 305,000
in the previous week. Factory orders, which cover the month of
August, were expected to increase 0.3 percent after a 2.4 percent
drop in July.
Constellation Brands is the main company reporting earnings, with
its release scheduled for before the opening bell.
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