Meanwhile, Tuesday’s economic data will include the foreign trade deficit, the S&P Global services PMI and the ISM non-manufacturing PMI.
Federal Reserve Bank of New York President John Williams will also participate in a moderated discussion hosted by the New York Times entitled "Health and the Economy", which will explore the intersection of health and economics, national efforts to promote a healthy workforce and lessons learned during the coronavirus pandemic.
On Capitol Hill, the Senate will hold hearings on insider trading legislation, corporate profits and rising prices, the effect of elevated petroleum prices on American commerce and consumers, and Food and Drug Administration user fee agreements. In international news, Berlin will host a donors conference for Ukrainian refugees stranded in Moldova, and Japan will end exports of luxury items to Russia, including cars and gold.