Manufacturing and services data is on tap, in addition to the ADP employment report
March kicks off next week with plenty of economic data on tap, including manufacturing and services readings, as well as employment data. The Federal Reserve will monitor those reports closely for clues into the health of the economy, as the future of interest rates remains unclear.
Earnings season carries into the new month, with reports to come from Abercrombie & Fitch (ANF), American Eagle (AEO), AutoZone (AZO), Bath & Body Works (BBWI), Best Buy (BBY), Box (BOX), Broadcom (AVGO), Costco Wholesale (COST), Gap (GAP), GitLab (GTLB), JD.Com (JD), Kroger (KR), Norwegian Cruise Line (NCLH), Ross Stores (ROST), Sea (SE), Target (TGT), and Victoria's Secret (VSCO).
Below is the schedule of key market events for the week ahead. All economic dates are tentative and subject to change.
The S&P final U.S. manufacturing purchasing manager's index (PMI) is due out on Monday, March 2, in addition to the Institute for Supply Management (ISM) manufacturing reading and auto sales data.
New York Federal Reserve President John Williams and Minneapolis Fed President Neel Kashkari interview will deliver remarks on Tuesday, March 3.
Wednesday, March 4 brings the ADP employment report, the S&P final U.S. services PMI, the ISM services index, and the Fed's Beige Book.
Weekly jobless claims data is slated for release on Thursday, March 4, with U.S. productivity data and the import price index also on tap.
Friday, March 6 features the U.S. employment report, as well as unemployment rate and hourly wages updates. Cleveland Fed President Beth Hammack will speak later that day.