Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Oil Bounces
1) Oil Bounces
Oil prices were clawing back more ground -- rising about 1% to $67.40 a barrel in electronic trade -- after taking a beating following OPEC's decision not to cut production last week. That was seen as an attempt to choke off the US shale boom.
2) Mixed Leads
2) Mixed Leads
International markets were giving out mixed signals. European stocks notched modest gains in early trading, with Germany's DAX moving higher while the UK FTSE 100 index dipped.
The UK government is set to announce new economic forecasts, and tax and spending plans.
Asian markets also diverged. Hong Kong's Hang Seng shed 1% while the Shanghai Composite extended recent gains to close at a fresh three-year high.
3) Economic Highlights
3) Economic Highlights
It's a light day for economic news. The ADP's monthly employment report is due out at 8:15am. ET, followed by the Fed's Beige Book at 2:00pm ET. The monthly report gives anecdotal information about the economy from the 12 regional banks.
4) Earnings Updates
4) Earnings Updates
Retailer Abercrombie & Fitch (ANF) and Brown-Forman (BFA), the maker of Jack Daniel's Tennessee Whiskey, will report earnings before the opening bell. Retailers Aeropostale (ARO), New York & Co (NWY), Pacific Sunware (PSUN) and Tilly's (TLYS) will report after the close
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