CNBC.comAs befitting the stock market's recent volatile action, the major averages are up roughly 2.5 - 3% over the last two sessions - and still haven't recovered the lost ground from Friday's sizable selloff.
However, U.S. stock index futures are pointing to a strong open today on renewed hopes for a lasting solution to the European debt crisis.
We'll see a handful of economic reports during today's session, including the latest reading on home prices from S&P/Case-Shiller.
That reading is expected to show a 4.4% drop in home prices for July compared to a year earlier, when measured in the index's 20 biggest cities.
At 10am ET, the Conference Board's September Consumer Confidence Index is seen coming in at 46.0, compared to the August reading of 44.5.
We'll also get the monthly Richmond Fed Survey at 10am ET.
The Treasury is set to auction $35 billion in 2-year notes, with the results available shortly after 1pm ET.
Drugstore chain operator Walgreen Co.(WAG) is the most prominent of companies set to issue earnings reports this morning, while this afternoon's after the bell reports include Accenture (ACN), Jabil Circuit (JBL), and Paychex (PAYX).
Dish Networks (DISH) could be a stock to watch today, as reports say the satellite TV service provider came in with the highest bid for Hulu, whose owners still haven't decided exactly what to do.
Google (GOOG) is said to have put in a higher bid but with more conditions.
We'll also watch Goldman Sachs (GS), with the New York Times reporting that the investment bank is preparing to expand its latest cost cutting initiative.
Drugmaker Novartis (NVS) is seeking approval in Europe for a new drug to treat smoker's cough, following positive study results.
And reports say the talks between the UAW and Ford (F) could progress faster, now that UAW President Bob King has joined the negotiations.
In the news: the Senate has approved a deal to avert a government shutdown, ending the latest controversial standoff between Republicans and Democrats.
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