Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims declining to 207,000 for the January 15 week from the prior week's level of 230,000.
The Philadelphia Fed manufacturing index for January is scheduled for release at 8:30 a.m. ET. After slowing by 24 points to a reading of 15.4 in December, the Philadelphia Fed's index is expected to rise to 19.1 in January.
Data on existing home sales for December will be released at 10:00 a.m. ET. Existing home sales have been rising in the last three reports, surging to a 6.460 million annual rate in November. Analysts, however, expect December's rate declining slightly to 6.400 million.
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 EIA’s weekly report on petroleum inventories in the U.S. will be released at 11:00 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
