Pre-market update (updated 8am eastern):
Europe is trading -0.3% lower.
Asian markets traded 0.6% higher.
US futures are trading slightly lower ahead of the bell.
Economic reports due out (all times are eastern): MBA Purchase Applications (7am), Challenger Job-Cut Report (7:30am), ADP Employment Report (8:15am), Jobless Claims (8:30am), FOMC minutes (2pm)
Technical Outlook (SPX):
We saw one of the biggest days yesterday that we'll likely see this entire year, with the SPX trading 36 points higher and 64 points in the past two trading sessions.
SPX broke through descending trend-line off of September highs.
Also created a higher high in the market by breaking the previous one at 1448.
The next milestone the bulls need to achieve is in breaking through 1474 which would mark a post recovery highs.
Volume was above average yesterday .
This is the largest topic on ewallstreeter. This topic aggregates news and investment advice from over 200 different news sources. It covers all the financial markets, collectively known as Wall Street, as well as international news which affects our markets.