Industrial, consumer data on docket

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Today's economic calendar focuses on industrial data and consumer sentiment.

The Federal Reserve Bank of New York will release its Empire Manufacturing Index at 8:30 a.m. ET. Economists expect a reading of zero, up from -7.8 in January. The report seldom affects market sentiment because it covers a relatively limited geographical area.

The national Fed reports January industrial production at 9:15 a.m. ET. Forecasts are looking for an increase of 0.2 percent, slower than the 0.3 percent gain in December.

The University of Michigan follows with its gauge of consumer sentiment at 9:55 a.m. ET. Economists expect a reading of 73.5, slightly lower than 73.8 last month.

U.S. markets will be closed on Monday in observance of Presidents Day.

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