Even with these promising indicators, the recent history of the market would indicate that a day of gains is not clear.
The market has drifted, quite a bit in the last month. Investors and let's be honest, all of us think that the recovery from the recession is stuck.
CNN: Stocks ready for a bounce
The Institute for Supply Management's services sector index is due to be released at 10 a.m. ET. The index is forecast to have risen to 55.5 in June from 55.4 in May. Any reading above 50 indicates expansion in the sector.
The dollar was lower against the euro, but up versus the British pound and the Japanese yen.
U.S. light crude oil for August delivery rose 83 cents to $72.97 a barrel.
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