Personal income and Chicago Purchasing Managers index are today's main economic reports.
Forecasters anticipate that personal incomes rose 0.1 percent in July and spending increased 0.3 percent. The data, scheduled for release at 8:30 a.m. ET, seldom impact sentiment.
Chicago PMI at 9:45 a.m. is expected to increase to 53 from 52.3 in July. Higher figures would be potentially bullish and lower numbers bearish.
The final revision of consumer sentiment follows at 9:55 a.m. but is unlikely to impact sentiment.
The calendar is more active next week, starting with Chinese manufacturing data late Sunday night. Markets are closed in the United States Monday for Labor Day, and the Institute of Supply Management's key manufacturing index follows on Tuesday.
Wednesday is the busiest day for earnings, with quarterly results expected from Ciena, Dollar General, Navistar and SAIC. The Federal Reserve will also release its Beige Book survey of economic conditions.
Thursday brings several headlines: European manufacturing data, the European Central Bank's monetary announcement, retailer monthly same-store sales, factory orders and ADP private-sector payrolls. It climaxes Friday morning with the pivotal non-farm payrolls report.
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