Wednesday: ADP Employment, ISM non-Mfg

• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:15 AM, The ADP Employment Report for May. This report is for private payrolls only (no government). The consensus is for 9,000,000 payroll jobs lost in May, up from 20,236,000 lost in April.

• At 10:00 AM, the ISM non-Manufacturing Index for May.   The consensus is for a reading of 44.0, up from 41.8.