Some traders wonder whether a pullback in Treasury yields could mean markets have finally priced in a bottom.
Traders are expecting a raft of economic reports on Wednesday. Data on weekly mortgage applications is expected. September's ADP private payrolls report is due out at 8:15 a.m. ET. The latest international trade reading is due at 8:30 a.m. ET, while the ISM services index is set to be released at 10 a.m. ET.September's ADP private payrolls report is due out Wednesday at 8:15 a.m. ET.
Economists are expecting private payrolls to have grown by 200,000 last month, according to estimates from Dow Jones., when private payrolls rose by just 132,000 for the month.U.S. stock futures fell slightly on Tuesday night after the S&P 500 posted its best two-day gain in roughly two years. Dow Jones Industrial Average futures fell by 45 points, or 0.19%. S&P 500 and Nasdaq 100 futures dipped 0.15% and 0.13%, respectively.
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