Today's economic calendar will focus primarily on employment data.
Kicking off the day will be MBA mortgage-purchase applications at 7 a.m. ET, which is a leading indicator for single-family home sales and housing construction.
The ADP employment release comes out at 8:15 a.m. ET. Analysts are expecting a gain of 208,000 jobs, with estimates ranging from 190,00 to 266,000. The last reading was 216,000 positions.
Following the jobs figures is the non-manufacturing ISM survey announcement for March at 10 a.m. ET. Analysts are expecting a print of 57.0, with estimates ranging from 55.7 to 58.0. The last reading was 57.3.
Weekly EIA petroleum inventories are scheduled for 10:30 a.m. ET. The last reading showed a supply of 7.102 million barrels.
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