October orders for durable goods are expected to show a modest rise of 0.5 percent. If the forecast is correct, it would be the third rise in four months and show that demand was picking up for big-ticket items.
* It’s a big day for economic data with personal spending and income, consumer sentiment, new home sales and the weekly jobless claims on tap.
* Tiffany reports results that will show whether it has been able to sustain the improvement in sales it reported in August.
* Deere & Co reports fiscal fourth-quarter earnings and will provide investors with a preliminary glimpse into the coming year.
* July personal income and spending data will provide more clues on the likely durability of any economic recovery. Personal income probably rose 0.2 percent compared with a year earlier after a drop of 1.3 percent the previous month, according to Reuters polling.