MANUFACTURING IN THE NORTHEAST IS HOT

At 8:30 a.m., we'll get the Empire State Manufacturing report from the NY Fed.

Economists estimate this regional activity index climbed to 15.95 in September from 14.69 in August.

"The manufacturing ISM index surged in August, the current activity index in the Empire State factory survey was left behind, and we forecast some catch-up in early September," UBS's Sam Coffin said. "Six-month outlook measures in the Empire Survey have also accelerated. The capex outlook bears watching as a signal of faster likely business spending."

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