S+P 500 has eyes on US PMI data due out this afternoon

The S+P 500 traded to a high at 5,585.34 yesterday, but that later gave way to a move down to 5,550.90. The index later closed just 8.67 points lower, at 5,555.74. The impact after the closing bell of the US earnings reports from Visa (V) and Tesla (TSLA) and Alphabet (GOOGL) all took their toll on the S+P futures and sent the indicative opening for today down towards 5,500. The index future is just now hovering above the lows, but not yet rebounding to any degree. We also have the same data seen from France, Germany, the UK and the Eurozone later from the US. At 1.45pm GMT we get the US flash July PMI readings for services, manufacturing and the composite. These are not expected to come in higher today. So, of course given the vulnerability of the S+P just now, it could probably do with some higher readings, but it remains to be seen just what will show up not long after the index resumes live trading at 1.30pm GMT. The S+P 500 is currently priced to reopen at around 5,517