September 23, 2013- Stocks Look to Reboound After Recent Losses

After posting back-to-back losses in the previous two sessions, Wall Street stocks may be looking to bounce back on Monday. The major index futures are pointing to a higher opening. Flash estimates released by Markit showed that Chinese manufacturing and the eurozone private sector activity picked up pace in September. The domestic markets now turn their attention to several Fed speeches scheduled for the day and the results of Markit's manufacturing survey due before the start of trading. The Dow futures are rising 20 points and the S&P 500 futures are moving up 2.80 points, while the Nasdaq 100 futures are advancing 9.25 points. U.S. stocks advanced yet again in the week ended September, as the markets benefited immensely from the Fed's decision to keep its stimulus program intact. The unfolding week's economic calendar is loaded with data on housing, consumer spending and consumer confidence that could help to clarify the economic outlook further. Several Fed speeches due for the week could also be in focus, as traders seek more insight into the Fed's stance on stimulus.