The stock market moved toward a flat opening as commodities prices extended their rally and the dollar traded near lows for the year. U.S. stock index futures were narrowly mixed, following a rise in European markets and a retreat in Asia.
There will be very little economic data of importance released until Thursday. Today, the Mortgage Bankers Association announced that mortgage application rose last week, and at 2:00 pm ET, the Federal Reserve will release the latest Beige Book, the region by region assessment of the nation’s economy. Neither report will be a major influence for the markets, as investors will likely focus more on the dollar and commodities.
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