Here comes Philly Fed...

The latest release of the Philly Fed's manufacturing outlook is expected to cross the wire at 8:30 a.m. ET.

Economists expect the measure of mid-Atlantic manufacturing to hit 18.0 for the month, a slight fall from the 23.6 reading in January.

The 23.6 from last month was a sizable beat over expectations of 15.8 and the Empire State Manufacturing index - which measures manufacturing activity in New York - came in ahead of expectations on Wednesday as well in a stream of solid data.

We'll have the number as it crosses, so refresh the page for updates.