A dash of earnings reports, wholesale trade and productivity and costs are highlights of Tuesday morning, as traders watch to see if oil could be a positive influence for stocks.
Stocks diverged from oil Monday, as crude rallied hard on news of an OPEC meeting in late September. OPEC confirmed it would meet on the sidelines of an energy conference in Algeria. Speculation circulated that the cartel would discuss production bands, though OPEC is not expected by analysts to do much more than study its options — unless oil plunges again.
West Texas Intermediate crude rose nearly 3 percent Monday to $43.02 per barrel, away from the danger zone of $40, which is viewed as a spot where oil becomes a real weight for stocks. Crude briefly entered a bear market last week, declining 20 percent from its recent high.