Here's what you need to know about Tuesday before you hit the door.
The Institute for Supply Management will release its economic index for non-manufacturing businesses on Tuesday, giving the market a look at key service industries that have been the drivers of the United States economy in recent months., as measures of manufacturing activity have slowed down amid the trade war with China.
The ISM's manufacturing purchasing managers' index, released on Friday, came in at 47.2. That marked the lowest reading since June 2009.The Commerce Department will release the trade deficit numbers for November, and economists polled by Dow Jones expect the deficit to be $43.6 billion., the latest month available. That was the lowest reading since 2018.
The trade deficit with China was a major talking point for President Donald Trump in the early days of his administration. The U.S. and China agreed to phase one of a trade deal last month.United States and Iranian leaders continued their aggressive posturing on Monday after the killing of Iranian military leader Qasem Soleimani last week.
After Trump threatened to attack 52 Iranian sites, in reference to the number of hostages taken by Iran in 1979, Iranian President Hassan Rouhani said on twitter to "." The tweet appeared to be a reference the number of people who died when an Iran Air plane was shot down by U.S. forces in the 1980s.
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