U.S. stocks closed higher with the Dow Jones around 150 points on Monday. Shares of Tesla Inc TSLA gained 3.1% on Monday as Elon Musk, on Sunday, indicated the company has now made over 3 million cars..
Let’s have a look at the major economic reports scheduled for release today.
- Data on housing starts and permits for July will be released at 8:30 a.m. ET. July's projections are 1.540 million for housing starts, compare with 1.559 million in the previous month.
- Data on industrial production for July will be released at 9:15 a.m. ET. Analysts expect a 0.3% increase for industrial production and a 0.2% rise for manufacturing output in July, compared with respective declines of 0.2% and 0.5% in the earlier month.
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