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The Mortgage Bankers’ Association purchase index will be released at 7:00 AM EDT, providing an update on the quantity of new mortgages and refinancings closed in the last week.

The Challenger Job-Cut Report will be released at 7:30 AM EDT, providing an estimate of the number of layoffs in July.

At 8:15 AM EDT, the ADP Employment Report will be released.  Investors will be watching this number to get advance notice on the state of the job market in advance of the government’s report on Friday.

At 10:00 AM EDT, the Factory Orders report for June will be released.  The consensus is that there was a decrease of 1.0% in orders from the previous month.

Also at 10:00 AM EDT, the ISM non-manufacturing index for July will be released.  The consensus estimate is that decreased by 0.3 points to a value of 53.0, and will continue to signal economic growth as it remains above the mid-point of 50.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

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