Uncertainty ahead of some potentially market-moving events later in the week may keep some traders on the sidelines.
The Federal Reserve's monetary policy announcement on Wednesday and the release of the
However, traders are also likely to keep an eye on reports on second quarter GDP, manufacturing activity, consumer confidence, and personal income and spending.
Not long after the start of today's trading, the
Economists expect pending home sales to increase by about 0.5% in June after surging up by 6.1% in May.
A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.
Trading could also be impacted by reaction to developments overseas, as
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