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<p>The major indices are set to open higher after the Labor Day holiday on Monday in the US. Recall the S&P and Dow industrial average fell 4 of the 5 trading days last week. The NASDAQ index is working on a 6 day losing streak.</p><p>The futures are implying gains this morning:</p><ul><li>Dow industrial average up 172.56 points after Friday's -337.98 point decline</li><li>S&P index is up 21.99 points after Friday's -42.59 point decline</li><li>NASDAQ index is up 54.81 points after Friday's -154.26 point decline</li></ul><p>At 9:45 AM, the S&P Global PMI service index will be released. The expectations is for 44.3 vs. 44.1</p><p>Following that, at 10 AM the more followed ISM nonmanufacturing index will be released with the expectations of the 55.1 vs. 56.7</p>

                This article was written by Greg Michalowski at forexlive.com.