Beginning at 8:30 a.m. ET, two reports of significant importance will be issued, beginning with the Labor Department’s release on the number of new claims for unemployment benefits last week.
Photo taken on Feb. 4, 2022 shows the office building of the U.S. Department of Labor in Washington D.C., the United States. Also at 8:30 a.m., the Philadelphia Federal Reserve will release its index of manufacturing activity for eastern Pennsylvania, southern Jersey and Delaware. For a little context, recall on Monday the New York Fed reported its gauge of New York-area manufacturing activity fell more than expected in October, remaining in contraction for a third consecutive month.The National Association of Realtors is expected to say sales of previously owned homes fell 2.1% to a seasonally adjusted annual rate of 4.70 million units.
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