The economic and earnings calendar features a packed schedule today. At 9:45 am ET, the global Purchasing Manager’s Index (PMI) for manufacturing and services will be released. The consensus estimate for both sectors in the US stands at 52.0, indicating continued expansion. At 10 am ET, the National Association of Realtors will report on new home sales, while the Richmond Fed will release its manufacturing index.
Later in the afternoon, the US Treasury will auction $69 billion in 2-year notes. The two-year yield currently sits just below 5%, and the auction will provide insights into market demand for short-term government debt.
After the market closes, several notable companies will report earnings. Tesla, Visa, and Texas Instruments are among the companies on the docket. Their results will shed light on the performance of key industries and the broader economic landscape.
