Traders will watch reaction to Costco's quarterly earnings and September manufacturing and services purchasing managers’ indices on Friday.
The September manufacturing and services purchasing managers’ indices will be reported Friday morning.
The Refinitiv estimates are 51.1 for the manufacturing component, and 45.0 for services. As with the broader and more closely followed ISM PMIs, 50 is the dividing line between an expanding and contracting sector. Oil prices fell Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns.Storage tanks are seen at Marathon Petroleum's Los Angeles Refiner.For the week the contracts for WTI and Brent were down 2.3% and 1.5% respectively.
Central banks around the world raised interest rates this week, raising the risk of economic slowdowns.
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