HERE COMES INITIAL JOBLESS CLAIMS...

At 8:30 a.m. ET, we'll get the latest tally of weekly initial unemployment insurance claims.

Economists estimate jobless claims climbed to 320,000 from 319,000 a week ago.

"Initial claims probably rose by 11,000, marking another week of wild swings," predicted Citi's Peter D'Antonio. "If correct, the four-week moving average rose to the highest level in two months amid the recent volatility. Separately, continuing claims fell again, and the insured rate held at a cycle low of 2% for three of the past four weeks."

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