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The Day Ahead: Slow Ride

UPDATE: Merger Monday adds a little spice.
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Deal discussions added a little energy to the market early Monday after Amgen (Amgen) sealed a deal for Onyx Pharma (ONXX) for $125 a share in cash.

But that didn't change into a much for the overall market, as stock index futures pointed to little change at the start of trading.

As usual heading into the final week of August, the pace has slowed considerably, which is reflected in the dearth of scheduled releases.

There are just two items to look for today.

At 8:30 a.m. ET we'll get durable goods orders for July -- and that's it for economic reports.

As for earnings, Internet watchers like Eric Jackson and momentum players like Rev Shark may be interested in Chinese Web company Qihoo 360's (QIHU) second-quarter results before the bell. Analysts forecast net income of $0.26 on revenue of $144 million.

After the upcoming Labor Day weekend, the calendar picks up a bit with more earnings, IPOs, stock-splits and, of course, the Fed's highly anticipated decision on bond-buying. Hang in there.