Data on durable goods orders for January will be released at 8:30 a.m. ET. Durable goods orders declined 0.7% in December, with analysts expecting a rebound of 0.5% for January.
Data on personal income and outlays for January will be released at 8:30 a.m. ET. Personal income is projected to drop 0.3% in January with personal consumption expenditures likely to rebound 1.5%.
The University of Michigan's consumer sentiment index for February is scheduled for release at 10:00 a.m. ET. Consumer sentiment index dropped sharply in the preliminary February’s reading to 61.7 and the index is likely to hold at the same level in the final reading for the month.
The pending home sales index for January will be released at 10:00 a.m. ET. Analysts expect pending home sales rising 0.8% in January following a 3.8% drop in the previous month.
The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
