The ISM Manufacturing Report is released on the first business day after each month end. Today’s figures will show what progress manufacturing made in the U.S. in May. Little progress is expected. The forecast figure for May is 50.6, 0.1 point lower than April’s 50.7 index reading.
At the same time Monday morning, the Commerce Department will report on construction spending, which fell 1.7% in April. It is expected to have risen 1.1% in May.
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The market hasn’t been too volatile recently. This week has the potential of showing us some big moves in the market.
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