Monday 3/3
The Institute for Supply Management releases both its Manufacturing and Services Purchasing Managers' Indexes for February. Consensus estimates are for a 50.5 reading for the Manufacturing PMI, which will be released on Monday, and a 53 reading for the Services PMI, to be released on Wednesday. This compares with readings for 50.9 and 52.8, respectively, in January.
Tuesday 3/4
More than 95% of the companies in the S&P 500 index have reported fourth-quarter results, with roughly three-quarters beating earnings-per-share estimates and about 60% surpassing sales projections. On tap this week are CrowdStrike Holdings and Target, which announce results on Tuesday. Two megacap companies, Broadcom and Costco Wholesale release their earnings on Thursday.
Friday 3/7
The Bureau of Labor Statistics releases the jobs report for February. Economists forecast a 155,000 increase in nonfarm payrolls, after a 143,000 gain in January. The unemployment rate is expected to remain unchanged at 4%. Initial jobless claims have risen recently, adding to investors' fears of a "growth scare" that has shaved 3.1% off the S&P 500 since its record close on Feb. 19.
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(END) Dow Jones Newswires
February 28, 2025 21:30 ET (02:30 GMT)
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