NEW YORK (AP) -- As the trading week begins to wind down, investors are hoping the stock market reverses itself. A four-day streak of record closes ended for the S&P 500 index yesterday. The S&P fell eight points, to 1,746. In other trading Wednesday, the Dow Jones industrial average fell 54 points, to 15,413 and the Nasdaq composite dropped 22 points, to 3,907. Futures point to a rebound at this morning's opening.
KUALA LUMPUR, Malaysia (AP) -- International stock markets were mostly higher today, buoyed by an improvement in China's manufacturing, but Chinese shares fell amid jitters over tighter credit in the world's second largest economy. Benchmark U.S. crude oil rose above $97 a barrel. The dollar gailed against the yen and fell against the euro.
WASHINGTON -- The government's weekly jobless numbers are out today. The Labor Department will also release its survey on job openings and labor turnover for August. And Freddie Mac will report weekly mortgage rates. Among corporate quarterly earnings reports due out before the market opens are those from Ford, 3M, United Continental, Southwest Airlines, Starwood Hotels and Altria, After the bell, Microsoft, Express Scripts, Zynga and Amazon report their quarterlies.
LONDON (AP) -- A closely-watched survey of business managers suggests that the economic recovery in the eurozone showed few signs of accelerating in October. The monthly composite purchasing managers' index from financial information company Markit unexpectedly slipped in October to 51.5 points from September's 27-month high of 52.2. It's still above the 50 point threshold that indicates a rise in activity. The consensus in the markets had been for a modest rise to 52.4.
HONG KONG (AP) -- Chinese manufacturing rose to a seven-month high in October, suggesting continued momentum for the rebound in the world's second-biggest economy. HSBC's purchasing managers index released today follows Chinese data earlier this month that showed quarterly economic growth rose to 7.8 percent after hitting a two-decade low in the second quarter. That eased pressure for further stimulus and allowing leaders to focus on reforms.
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