This will be a light week for economic data.
The key report scheduled for this week is February CPI. - Monday, Mar 8th - - Tuesday, Mar 9th -
Small Business Optimism Index for February. - Wednesday, Mar 10th -
mortgage purchase applications index.
8:30 AM: The
Consumer Price Index for February from the BLS. The consensus is for a 0.4% increase in CPI, and a 0.2% increase in core CPI. - Thursday, Mar 11th -
8:30 AM: The
initial weekly unemployment claims report will be released. The consensus is for a increase to 760 thousand from 745 thousand last week.
10:00 AM ET:
Job Openings and Labor Turnover Survey for January from the BLS.
1. Stock Futures Slip After S&P 500 s Sixth Day of Gains
Stock futures pointed lower Tuesday following the S&P 500 s sixth straight day of gains amid signs that President Joe Biden and congressional Democrats were pushing forward with a $1.9 trillion coronavirus stimulus package.
Contracts linked to the Dow Jones Industrial Average fell 45 points, S&P 500 futures slipped 3 points and Nasdaq futures were down 7 points.
White House Press Secretary Jen Psaki told reporters Monday that Biden s stimulus plan probably will advance under a fast-tracked procedure Democrats could use to clear the aid package with just a simple majority vote in the Senate.
Bitcoin, Twitter, Reddit, Dow Futures, Stimulus - 5 Things You Must Know Tuesday TheStreet 2/9/2021
Here are five things you must know for Tuesday, Feb. 9:
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1. Stock Futures Slip After S&P 500 s Sixth Day of Gains
Stock futures pointed lower Tuesday following the S&P 500 s sixth straight day of gains amid signs that President Joe Biden and congressional Democrats were pushing forward with a $1.9 trillion coronavirus stimulus package.
Contracts linked to the Dow Jones Industrial Average fell 45 points, S&P 500 futures slipped 3 points and Nasdaq futures were down 7 points.
White House Press Secretary Jen Psaki told reporters Monday that Biden s stimulus plan probably will advance under a fast-tracked procedure Democrats could use to clear the aid package with just a simple majority vote in the Senate.
Economic data out this week includes a pair of inflation measures. On Wednesday, the Bureau of Labor Statistics reports the Consumer Price Index for December. Excluding volatile food and energy components, it’s expected to have risen 1.6% year-over-year. The core Producer Price Index for December, out Friday, is predicted to have increased 1.3% from last year.
On Friday, the Census Bureau reports retail-sales data for December the all-important holiday shopping season. Retail sales excluding autos fell 0.9% in November, and they’re expected to have climbed 0.4% last month.
Other economic releases this week include the National Federation of Independent Business’ Small Business Optimism Index for December on Tuesday and the University of Michigan’s Consumer Sentiment Survey for January on Friday.