Stocks are trying to climb again today, but face potential resistance and weakness overseas.
S&P 500 futures are up about one-tenth of a percent, while European indexes have been struggling all morning and are now down by half a percent to a full percentage point. Asia climbed in the overnight session after yesterday’s 0.5 percent gain in the United States, led by Australia and Japan.
Equities have been climbing in the last week as the market rebounds from its sharpest selloff of 2013. Economic data, such as yesterday’s manufacturing index from the Institute of Supply Management, has remained positive, and attention now turns to private-sector payroll data tomorrow and non-farm employment on Friday.
— Option Monster