Early buying interest may be generated by a positive reaction to earnings news from
However, the company reported adjusted earnings of
The markets may also benefit from news on the merger-and-acquisition front, with
Nonetheless, trading activity may be somewhat subdued as traders look ahead to a slew of earnings news and economic data later in the week.
Traders are also likely to keep a close eye on reports on retail sales, producer price inflation, industrial production, housing starts, and regional manufacturing activity.
Congressional testimony by Federal Reserve Chair
"The issue for the Fed in coming months is if the economic data, aka labor market and inflation numbers, continue to deviate from the Fed's forecast because as of right now the Fed's 2015 year end targets will be met in coming months," Boockvar said.
After showing a lack of direction throughout much of the trading session on Friday, stocks managed to end the day mostly higher. With the upward move, the markets extended the recovery from the sell-off seen in early trading on Thursday.
The major averages closed modestly higher, near their best levels of the day. The Dow rose 28.74 points or 0.2% to 16,943.81, the Nasdaq climbed 19.29 points or 0.4% to 4,415.49 and the S&P 500 edged up 2.89 points or 0.2% to 1,967.57.
Despite the gains on the day, the major averages all moved lower for the week. The Nasdaq tumbled by 1.6%, while the Dow and the S&P 500 dropped by 0.7% and 0.9%, respectively.
In overseas trading, stock markets across the
The major European markets have also moved to the upside on the day. While the French CAC 40 Index has risen by 0.6%, the
In overseas trading, crude oil futures are slipping
On the currency front, the dollar lost some ground last week, with the greenback sliding 0.8% against the yen before ending the week at
Most Popular Stories
- U.S. Families 'Extraordinarily Vulnerable': Yellen
- Larry Ellison Steps Down as Oracle CEO
- Hillary Clinton to Address CHCI Conference
- Alibaba Prices IPO at $68 a Share
- Apple Locks Itself Out of Devices
- Veterans to Get Training as Solar Panel Installers
- Hispanics Doubt Marco Rubio's Chances
- Wildfires Rage in California
- John Cantlie Delivers ISIS Message to Save Life
- Alibaba: Today China, Tomorrow the World