Here come producer prices ...

The October producer price index report will be released at 8:30 a.m. ET.

Economists estimate producer prices climbed by 0.2% month-over-month in October, while falling 1.2% year-over-year. Excluding food and energy, core prices are estimated to have climbed by 0.1% and 0.5%, respectively.

Here's Wells Fargo's John Silvia: "Energy prices were more stable in October, which likely supported headline prices in the month. Despite the dramatic swings in the headline number, core PPI has softened as well. Broad-based declines in commodity prices have pulled down the goods index, while services have held up somewhat better. We expect the producer prices ticked up slightly in October. The import price index is also set to be released next week, and energy will likely weigh on the index once again. The dollar was weaker on balance in October, which may soften some of the impact of lower energy prices."