LATEST NEWS

Stocks took a big fall on Monday but it's looking like they may claw back some lost ground today.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Market overview

U.S. stock futures are inching higher Tuesday, but global market sentiment remains cautious due to concerns about economic growth. "There's a great deal of investor concerns in the markets right now," said Jameel Ahmad, chief market analyst at FXTM.

Top worries include slowing growth in China, uncertainty over when the Federal Reserve will begin raising U.S. interest rates, depressed commodity prices and "continual concerns over the pace of economic recovery in both Japan and Europe," noted Ahmad.

European markets were mixed, and most Asian indexes skidded lower, led by a 4% plunge on Japan's Nikkei. On Monday, the Dow Jones industrial average fell 1.9%, the S&P 500 dropped 2.6% and the Nasdaq took a 3% hit, bringing its five-day loss to nearly 6%.

2. India rate cut boosts stocks

India's Sensex index was the exception in Asia on Tuesday, gaining about 1.5% after the country's central bank cut its key interest rate by 50 basis points.

It was a bigger than expected cut, and the fourth by the Reserve Bank of India this year. The bank said risks to growth were rising.

3. Stock market movers

Yahoo, Tesla, Glencore: Shares in Yahoo (YHOO, Tech30) are up nearly 3% in extended trading after the company revealed plans to go ahead with its Alibaba (BABA, Tech30) spinoff regardless of whether the IRS approves the plan.

Shares in Tesla (TSLA) could be on the move Tuesday as the company is set to begin deliveries of its new Tesla SUV, dubbed the Model X.

Shares in Glencore (GLNCY) are rebounding -- up about 9% in London -- after falling by 29% Monday. The mining and trading conglomerate has been crushed by falling prices for commodities and fears that China's slowdown will make matters even worse.

4. Economics

The latest Case-Shiller housing price index comes out at 9 a.m. ET, giving a snapshot of the health of the U.S. housing market.

Then the Conference Board will update its Consumer Confidence Index with a September figure at 10 a.m. ET.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

What is it? It's an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.

When? At 9:30pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

When? At 8:00pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

What is it? As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? At 3:40pm Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

What is it? Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? At 10:00am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

1. U.S. stock index futures were lower on Monday as investors awaited consumer spending data for August amid uncertainty around the timing of an interest rate hike.

Several Federal Reserve officials are scheduled to speak this week, including New York Fed President William Dudley on Wednesday. The focus will firmly be on U.S. monetary policy after strong second-quarter U.S. GDP data released on Friday sharpened the case for a 2015 hike. Fed Chair Janet Yellen has said she expects rates to be raised this year.

2. U.S. consumer spending grew briskly in August and a key measure of inflation firmed a bit, signs of strength in America's domestic economy that could lead the Federal Reserve to tighten interest rates despite weakness abroad.

The Commerce Department said on Monday consumer spending increased 0.4 percent after an upwardly revised 0.4 percent rise in July. The data suggests the strong consumer spending that bolstered the economy in the second quarter carried over into the third.

3. Upscale food market operator Whole Foods Market Inc (NASDAQ:WFM) said it would cut about 1,500 jobs, or about 1.6 percent of its workforce, over the next eight weeks.

The cuts are aimed at reducing costs as the company invests in technology upgrades, Whole Foods said in a filing. The affected positions were mainly in stores, but "back of house" positions that were not customer facing, the company said in an email to Reuters.

4. Oil prices eased on Monday, paring some of last week's 2 percent rally, despite evidence of slowing U.S. production and a fourth weekly increase in U.S. investor holdings of crude futures.

High oversupply and concern about demand growth in emerging markets and elsewhere have stripped 50 percent off the value of a barrel of oil over the last year and kept the price below $50 for most of the past nine weeks.

5. The dollar held steady against the other major currencies on Monday, as expectations for an upcoming U.S. rate hike continued to support the greenback and as investors eyed comments by several Federal Reserve officials scheduled later in the day.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

Apple (AAPL.O) said on Monday it sold more than 13 million iPhone 6s and 6s Plus in the first weekend on the market, a new record for its marquee product.

The company improved its previous record of 10 million iPhones sold in the first weekend of 2014, benefiting from the inclusion of the Chinese market, where the gadget's debut was delayed last year by regulatory issues.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook: