Nonfarm payrolls data for February, expected on Friday, will be closely watched to gauge strength of the economy vis-à-vis a possible interest rate hike by the U.S. Federal Reserve bank. Jobs growth surged more than expected in January to 227,000, and analysts expect the February nonfarm payrolls to have risen by 190,000.
After data showed worker productivity slowing in the fourth quarter, the revised labor productivity figures are expected to show a marginal increase to 1.5 percent on Wednesday. The Commerce Department on Wednesday will release wholesale inventory figures for January, which is expected to remain unchanged at 0.1 percent. On Tuesday, international trade data for January is expected to show the trade deficit widened to $48 billion from 44.3 billion in December
Regarding the below chart the Dow is right on target while the SPX have some for room and NDX less.
