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Here is a brief look at the various macro factors that may play a part in the day's market action.

• Republicans remain divided over choice for House Speaker
• Rising bond yields expected to support pause in Fed rate hikes
• Housing industry urges Fed to halt rate hikes to avoid hard economic landing
• Economist Paul Krugman reverses view and says US budget deficit is too high
• Exxon agrees to acquire shale oil firm Pioneer
• Small business optimism dips in September — inflation is still “top problem”
• Oil market downplays Israel-Gaza conflict — so far

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US third-quarter earnings are on track to mark the start of a rebound, analysts predict. “Third-quarter earnings season is getting under way, and it will likely be much better than the second quarter’s for U.S. public companies. Industry estimates indicate that members of the S&P 500 will report earnings per share were 1.3% higher than a year earlier—a nice improvement from the second quarter’s decline of 2.8%,” The Wall Street Journal reports.

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