Here comes the ISM manufacturing index ...
Economists forecast that Markit's final purchasing manager's index, out at 9:45 a.m. ET, is 53.5, according to Bloomberg. They estimate that ISM's index, out at 10 a.m. is 57.2, down from 57.7 in February. Readings above 50 indicate expansion.
"Like most survey-based indicators, the ISM manufacturing index has enjoyed a solid run post-election," said Wells Fargo's Sam Bullard in a preview.
"The index is up 5.7 points from its October reading. A look at subcomponents points to broad strength. Current production is 62.9, more than five points above its six-month average. That strength looks set to carry forward with new orders reaching a three-year high of 65.1 in February and backlogs of orders jumping to 57.0-the first expansionary print in seven months."