Today's economic calendar includes data on mortgage applications, housing starts, and oil supplies.
The weekly MBA purchase applications will be released at 7 a.m. ET. There are no consensus forecasts for this report, which showed a gain of 6.2 percent last week.
November housing starts will be reported at 8:30 a.m. ET, with a consensus estimate of 865,000. Housing permits will also be released, and analysts are projecting 875,000 for that reading.
The Energy Information Administration will post its weekly petroleum inventories at 10:30 a.m. ET. Last week's total came in at 843,000 barrels of crude oil.
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