Here Comes The Empire Manufacturing Report...

At 8:30, we'll get the Empire State manufacturing index report.

Economists estimate this regional activity index jumped to 5.0 in January from -3.5 in December.

"We look for a January reading of 4.0 for the Empire State manufacturing index, consistent with a return to modestly expansionary territory in the beginning of the year," Barclays economists said. "New orders and shipments both contracted in December; however, the employment index remained firm, suggesting a rebound in this month's reading."

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