HERE COMES EXISTING HOME SALES...

At 10 a.m. ET, we'll get the July existing home sale report.

Economists estimate the pace of sales fell 0.5% in July to an annualized rate of 5.02 million.

"Leading indicators for existing home sales have been weak, as pending home sales dropped 4.5% in June on a year-ago basis and consumers reporting plans to buy a home dropped a percentage point in July to its lowest level this year," Wells Fargo's John Silvia said. "Mortgage rates, which rose in the first half of the year, have moderated slightly and could help fuel demand for existing home sales moving forward."

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