Economic reports due out Monday are expected to show a slip in service sector activity for a third month in a row, as factory orders bounced in October.
At 10 a.m. ET, the Institute for Supply Management releases its non-manufacturing PMI for November.
At the same time, the Commerce Department is expected to say factory orders bounced 0.7% in October, above September’s 0.3% rise.around the flatline Friday, retracing early losses after a stronger-than-expected jobs report cast doubt on how quickly the Federal Reserve will be able to slow down its pace of interest-rate increases.
Hogan said he believes the Fed is unwilling to "crush" the labor market and that Friday's jobs number was in line with previous months and unlikely to have a huge impact on the central bank's decision-making. "The surprisingly high increase in hourly earnings may spook investors bracing for the Fed to react with another aggressive rate increase," Bryce Doty, senior portfolio manager at Sit Investment Associates, wrote in a note Friday.Twitter CEO Elon Musk turned to the social media platform he owns on Sunday night to say the U.S. Constitution was greater than any president.
vehicles from being used non-essentially this winter as government officials begin to brace for an energy crisis during the winter months, according to reports.
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