There are no economic reports due for release today, but the rest of the week the markets will receive data from CPI, housing, manufacturing, retail sales and consumer sentiment. Earnings season will be coming to an end with 90% of the S&P 500 companies having reported their numbers. Of those companies that have reported, 73% have beaten analyst estimates.
The markets will continue to ebb and flow with the trade and currency issues this week while economic data could also impact trading.
Mortgage credit availability decreased in July led by declines in conforming and government indices, reports the Mortgage Bankers Association. The Mortgage Credit Availability Index (MCAI) fell by 0.4% to 189.0 last month. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012.