Stocks Set to Rebound After 3rd Worst Sell-off This Year

Stocks are pointing to a rebound at the start of trading day, a recovery after heavy selling that sent indexes to their 3rd worst day this year. ADP labor-market data and the Federal Reserve’s Beige Book will also be closely watched for any clues on the timing of the first rate increase. Chinese stocks were volatile and took a U-turn to close higher. The Chinese markets will be close for 2 days due to a military holiday. Crude oil is giving back all the gains from earlier this week. Intel (INTC) is overhauling its chip business to revive PC sales. Intel says the sixth generation of its core processor family will boost performance and reduce power consumption of PCs ranging from ultrathin notebooks to high-end gaming rigs. Netflix (NFLX) is making its Japanese debut today. The arrival of Netflix has raised hopes for a shake-up of the Japanese television industry. It says Japan has the infrastructure already in place with households having access to broadband internet and mobile devices.