- The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
- The manufacturing PMI for May for March will be released at 9:45 a.m. ET. The final manufacturing PMI for May is projected to hold at the 57.5 flash level, compared to April's reading of 59.2.
- The ISM manufacturing index for May is scheduled for release at 10:00 a.m. ET. The ISM manufacturing index is likely to slow to 54.5 in May following April's 1.7-point drop to 55.4.
- Data on construction spending for April will be released at 10:00 a.m. ET. Analysts expect construction spending increasing 0.4% in April following a 0.1% rise in March.
- The Labor Department's JOLTS report for April is scheduled for release at 10:00 a.m. ET. Job openings have topped market estimates in the previous four reports. Analysts, meanwhile, expect April's openings easing to 11.400 million from 11.549 million in March.
- New York Fed President John Williams is set to speak at 11:30 a.m. ET.
- Federal Reserve Bank of St. Louis President James Bullard will speak at 1:00 p.m. ET.
- The Federal Open Market Committee will release its Beige Book report at 2:00 p.m. ET.
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