The market focused again on Europe. Tomorrow the German parliament will vote on the initial expansion of the euro-zone's bailout fund - the European Financial Stability Facility, or EFSF. Several European Union parliaments have not yet ratified the July agreement to increase the size of the EFSF to 440 billion-euros (roughly $593 billion US). Recent talk is about expanding the fund to 1 trillion euros, or more.
In economic data, orders for long-lasting goods unexpectedly fell in August. And, the number of mortgage applications filed in the U.S. last week rose 9.3% from the prior week, according to the Mortgage Bankers Association.
Amazon.com unveiled the Kindle Fire tablet, the latest, and possibly biggest, challenger to Apple's iPad.