US stocks trade lower to kick off the third quarter after rebounding in 2Q with the best quarterly performance in over 20 years. A busy day for economic reports include the ADP private payrolls survey at 8:15am ET, ISM manufacturing and construction spending at 10am and Fed minutes at 2pm. Investors continue to weigh improving economic data against worries that growing numbers of coronavirus infections will lead to more restrictions. FedEx shares climb 11% premarket after reporting better-than-expected revenue in the latest quarter on a surge in residential deliveries as people increasingly turn to online shopping. S&P futures fall 26.5 points.