The Nasdaq Composite and S&P500 are reversing early losses and are both in the green, with the Nasdaq Composite in the lead. While The Dow Jones Industrial Average is flat, and the biggest laggard is the Russell 2000 down-1.09%.

Eight out of eleven sectors are in the green so far. The two biggest winners are Consumer Discretionary (XLY) and Communication Services (XLC). The biggest laggard by far is Energy (XLE), as oil prices continue to fall, down -2.06 % so far today.

The decline in oil prices as of late can be attributed to the strengthening of the Dollar Index (DXY), which is up 0.21% so far today. It is also helped by the prospect of Trump being re-elected.

On the economic front, the Dallas Fed Manufacturing Index contracted again in July to -17.5 (prior -15.1) and missed consensus of -14.2. Employment rose considerably while new orders and shipments declined quite abruptly.

Investors are waiting for the FOMC policy decision this Wednesday, along with a parade of economic releases this week.