Investors are hoping for a continuation of gains on Wall Street today. Monday's gains were modest, but they continued a powerful rally in the market that's driven the S&P index up nearly 24 percent this year. The S&P 500 increased 0.4 percent yesterday, to close at 1,767.93. The Dow Jones industrial average rose 0.15 percent, to 15,639.12 and the Nasdaq composite gained 0.37 percent, to 3,936.59. Futures point to losses at today's opening.
- International stock markets were muted today as investors readied for U.S. economic news this week, including the advance estimate of U.S. third quarter economic growth and October jobs figures. A high-level policy meeting in China is also on investors' radar. Benchmark crude oil fell but remained above $94 a barrel. The dollar gained against the euro and fell against the yen.
- There's only one item of economic data due out today. The Institute for Supply Management releases its service sector index for October. ING, T-Mobile/Deutsch Telekom, HTC, CVS Caremark, Tesla Motors and BMW report quarterly earnings.
- The European Commission is forecasting that the recovery across the 28-country bloc will continue into the second half of the year, albeit at a tepid pace. The executive arm of the European Union says it expects the region's economy to grow by 0.5 percent over the second half of the year and be flat for the whole year.
- IPO fever is back. Five years after the financial crisis dampened enthusiasm for initial public offerings, investors are again eager to buy shares when companies start trading. Twitter is the star this week. A dozen expected offerings this week tie it for the busiest week of the year. There have been 190 offerings this year according to data provider Dealogic.