Here comes the Dallas Fed ...

The May report on manufacturing activity from the Dallas Federal Reserve will drop at the bottom of the hour.

Economists expect the composite index to come in negative again, at -11.5, following a drop of -16 in April.

The focus of this report in the past few months has been the impact that the oil crash is having on businesses.

Several business leaders in industries that depend on the oil sector had noted a slowdown, hoping for a rebound in oil prices that would improve their outlook..

We'll be back with details of the report when it crosses ...