Wall Street to open flat after eight-week run-up; data on tap

Via Chuck Mikolajczak NEW YORK (Reuters) – U.S. shares were set for a flat open on Monday, in the wake of eight straight weeks of positive aspects, after knowledge showed manufacturing rebounded in November and ahead of two studies which may provide some clues on the potential of the recovery. Later in the session at 10 a.m. (1500 GMT), investors will eye the September and October development spending information together with the Institute for Provide Management’s November manufacturing PMI report. We’ve some information – the ISM and building spending which are two pretty important financial studies,” mentioned Tim Ghriskey, Chief investment officer of Solaris Workforce in Bedford Hills, New York. The S&P 500 has risen for eight straight weeks, marking its longest weekly run of positive aspects since a 9-week climb between November 2003 and January 2004, putting the once a year achieve at nearly 27 p.c.