The Challenger job-cut report for February is scheduled for release at 7:30 a.m. ET.
Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims coming in at 232,000 for the February 26 week, unchanged from the previous week.
Data on nonfarm productivity and unit labor costs for the fourth quarter will be released at 8:30 a.m. ET. The second-estimate for nonfarm productivity is projected to show a 6.7% increase for the fourth quarter, compared to a 6.6% gain in the first estimate. Unit labor costs are likely to come in unchanged at the 0.3% rate.
The final services PMI for February for February is scheduled for release at 9:45 a.m. ET. Analysts expect the final services PMI for February holding at the 56.7 flash level.
Data on factory orders for January will be released at 10:00 a.m. ET. Analysts expect factory orders increasing 0.5% in January.
The ISM services index for February is scheduled for release at 10:00 a.m. ET. The index is expected to rise to 60.9 in February from previous reading of 59.9.
Federal Reserve Chair Jerome Powell will testify to the Senate Banking Committee at 10:00 a.m. ET.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 12:00 p.m. ET.
Federal Reserve Bank of New York President John Williams will speak at 6:00 p.m. ET.
