Economic data in the week ahead include a slate of global purchasing managers indexes, including one from China later Monday U. S. time. In the U. S. , investors will look to data on factory orders, the trade deficit and weekly jobless claims.
Since little economic data was on the docket for Monday, they said the market would likely trade on technical factors. "This week, we don't have much in the way of fundamentals," said Sam Stovall, US equity strategist with S&P Capital IQ.
A jolt of volatility hit the stock market last week, as ongoing concerns about Banco Espirito Santo and Argentina's debt default collided with escalating tensions in Gaza and along the Russia-Ukraine border.
Strategists and traders said they were watching to see how stock benchmarks react after turbulent trading last week brought the S&P 500 to its biggest weekly decline in more than two years.
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