|Day's Range||12,185.50 - 12,219.90|
|52 Week Range||12,185.50 - 12,219.90|
The stock market has had a rough few weeks, but the poorest consumers are growing more optimistic as job growth remains strong and wages go up. Another reminder that the stock market is not the economy.
The August jobs report beat expectations as an acceleration in wage growth highlighted a strong month for U.S. workers.
The selloff in Turkey's lira currency has investors worried about potential contagion from the U.S.'s North Atlantic Treaty Organization (NATO) ally and prospective European Union member.
"This would raise market uncertainty and could provoke countermeasures from the Chinese that ... increase the risk of unintended consequences seriously damaging global trade and financial markets."
U.S. economic growth hit a nearly four-year high in the second quarter of 2018, though the 4.1% pace of growth was slightly less than what had been forecast by economists.
It was the first time the asset class has shown outflows for two straight months in debt and equities since the great financial crisis in 2008.
Mexico's historic landslide victory for Andres Manuel Lopez Obrador could be a big loss for the North American Free Trade Agreement and the Mexican peso.
The economic and earnings calendar shouldn't bring any surprises to markets on Wednesday as Trump's feud with Harley-Davidson was the biggest story on Tuesday.
"If you roll this out over the next year, year and a half, someone’s going to have to blink, and it might have to be the United States."
Data on consumer sentiment in June as well as industrial productions stats for May will be highlights in another day quiet on the corporate news front.
President Donald Trump is upset about something. In a tweet Monday morning, Trump fired off a somewhat perplexing thought about China, Russia, currency devaluation, and U.S. monetary policy. “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates,” Trump said.