Stock Market Update

[BRIEFING.COM] The indices are rolling into the final half hour with modest losses in most cases. Altogether there hasn't been a lot of conviction, which is reflected in the relatively light volume totals.

Separately, there has been a pickup in hedging interest today, evidenced by the 6.3% jump in the CBOE Volatility Index ("VIX") to 15.57.

The pickup in the VIX comes ahead of Wednesday's main events, which include the earnings reports from Target (TGT 144.28, -0.35, -0.2%), Macy's (M 17.70, -0.11, -0.7%), and TJX Cos. (TJX 112.97, +0.49, +0.4%) before the open, the release of benchmark revisions to nonfarm payrolls for April 2023-March 2024 at 10:00 a.m. ET, the $16 billion 20-yr bond auction at 1:00 p.m. ET, and the release of the Minutes for the July 30-31 FOMC meeting at 2:00 p.m. ET.