At 10:00 AM EDT,the value of the pending home sales index for February will be announced. This index fell 7.6% in January despite attempts by the federal government to prop up the housing market, and February will probably be another weak month for existing home sales because the poor weather in that month.
Also at 10:00 AM EDT, the ISM non-manufacturing index for March will be released. It rose 2.5 points in February, and the consensus estimate is that it increased 1 point last month, pointing to continued economic growth in the United States.
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