Cars, Manufacturing, Building Data On Tap

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 |  Includes: DIA, F, GM, HMC, QQQ, SPY, TM
by: optionMONSTER

The schedule of economic reports will be heavy this week, ending an emphasis on labor numbers. Today's calendar includes auto sales, manufacturing data, and construction spending.

Motor Vehicle Sales has no fixed timetable, as each company reports its own results. Typically the process begins before noon ET and continues through the early afternoon. Shares of Ford (NYSE:F), General Motors (NYSE:GM), Toyota (NYSE:TM), and Honda Motor (NYSE:HMC) may be active on the news.

At 10 a.m. ET the ISM Manufacturing Index will be reported. Consensus calls for a small drop to 50.5 from last month's 50.6. Estimates range from a bearish 49, indicating contraction, to a bullish 52.

Construction Spending comes out at 10 a.m. ET as well. The consensus calls for a drop in spending of -0.3 percent from last month's reading. Expectations range from a bearish -1 percent to a bullish 0.5 percent.