Today's economic calendar is relatively light and will cover data on new home sales, mortgage applications, and crude-oil inventories.
The day begins with the weekly MBA mortgage-purchase applications at 7 a.m. ET. There are no forecasts for this report, which came in at -0.2 percent in the previous week.
August new home sales will be released at 10 a.m. ET. The consensus forecast calls for a reading of 380,000, up from July's 372,000. Estimates range from 365,000 to 400,000.
The weekly EIA petroleum status report will follow at 10:30 a.m. ET. Last week's inventory level showed a build of 8.534 million barrels of crude oil.
A five-year Treasury note auction is scheduled for 1 p.m. ET.
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