Today's economic calendar includes data on mortgage applications, crude-oil supplies, and second-quarter productivity and costs.
The weekly MBA mortgage-purchase applications are scheduled for 7 a.m. ET. There are no forecasts for this report, which last showed a gain of 0.2 percent.
Productivity and costs figures for the second quarter will be released at 8:30 a.m. ET. The consensus forecast calls for non-farm productivity to come in at 1.3 percent, a gain from the first quarter's -0.9 percent. Estimates range from 0.9 percent to 2.9 percent.
The consensus expectation for unit labor costs is 0.9 percent, a decline from the first quarter's 1.3 percent. The range of estimates is from -0.5 percent to 2 percent.
The weekly EIA petroleum inventories will be released at 10:30 a.m. ET. The previous report showed a draw of -6.522 million barrels.
A 10-year Treasury note auction is scheduled for 1 p.m. ET.
More From optionMONSTER
Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee's …