(as of 7:15 AM PST)
Weak growth data from China has stocks on the defensive with markets opening down. Some merger and acquisition activity is providing support. The big news this week is the IPO of Alibaba, a huge Chinese Internet marketing site, thought to be a significant competitor to Amazon. The Federal Reserve Board meeting is also big on the agenda as investors seek insight into how the Fed will handle interest rate hikes over the next couple of years. The small amount of US economic data released this morning has been very positive, but larger events will dictate market performance this week. It could get volatile.
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