Deflation: If forecasts are correct, several factors could present a dangerous combination the Fed might not allow to brew for very long.
So far, Herman Cain, Rick Perry, and Newt Gingrich have all introduced flat tax plans, which would lead to less revenue and broader spending cuts, analysts say.
Kinder Morgan purchased rival pipeline operator El Paso Corp for $21 billion, creating what will be by far the country's largest pipeline distributor of natural gas.
Asian markets react to modest rise in US stock futures. But trading expected to be seasonally thin in Asian markets.
Retail sales are up 0.5 percent, their biggest gain in three months – but consumer sentiment is at a three-decade low.
The GDP grew at an annual rate of only 1.3 percent in the second quarter of 2011, announces the Commerce Department, which also revised first-quarter growth down to 0.4 percent.
Stock prices mostly rise on world markets. Germany, France, and several Asian markets see stock prices go up. But markets in US, Britain closed due to holidays.
Dow falls 139 points and S&P drops 0.9 percent. Investors wait for direction from Friday's employment numbers.
Dow is virtually unchanged, while S&P and Nasdaq fall. Silver falls more than 7 percent.
The Dow fell about 3 points, ending a four-day winning streak