Good morning! Futures forecast a decline in the stock market today from Friday's close. Last week, the Dow marked the 25th time this year that the index struck a record high.
What to watch today: expect a wealth of news about Japan's surprise slip in GDP growth. According to government data, the island nation saw its GDP slip by an annualized 1.7% in the third quarter. This is down from analyst expectations of 2.1% growth for the July to September period. Many economists expect Japanese Prime Minister Shinzo Abe to delay plans to hike the nation's sales tax, which is highly unpopular and restrains consumption. The quarterly decline follows a 7.2% contraction in the economy from the second quarter.
Here's what else you should know about the stock market today - including your "Money Morning Tip of the Day" - to make it a profitable Monday:
Full U.S. Economic Calendar Nov. 17, 2014
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.