Earnings from retailers and another jobs report will be this week's highlight.
Target and Best Buy report on Tuesday, followed by Macy's, Kroger, Costco Wholesale, Gap, and Burlington Stores on Thursday.
Data on the labor market will be in focus, with the ADP National Employment Report for February due on Wednesday and the Bureau of Labor Statistics jobs report for last month on Friday.
Monday 3/3
Gitlab and Okta announce earnings.
The Institute for Supply Management releases its Manufacturing Purchasing Managers' Index for February. Consensus estimate is for a 50.5 reading, slightly less than the January figure. January's reading was the first above the expansionary level of 50 in more than two years.
The Census Bureau reports construction spending for January. Economists forecast a 0.1% month-over-month decline to a seasonally adjusted annual rate of $2.19 trillion.
Tuesday 3/4
AutoZone, Best Buy, CrowdStrike Holdings, Flutter Entertainment, On Holdings, Ross Stores, and Target report quarterly results.
Today is the deadline imposed by President Donald Trump for levying 25% tariffs on products from Canada and Mexico, as well as an additional 10 percentage point increase on imported Chinese goods.
Wednesday 3/5
Brown-Forman, Campbell's, Marvell Technology, MongoDB, Veeva Systems, and Zscaler release earnings.
ADP releases its National Employment Report for February. The consensus call is for a 148,000 gain in private-sector employment, 35,000 less than in January.
The ISM releases its Services PMI for February. Expectations are for a 53 reading, slightly higher than the January data.
The Federal Reserve releases the beige book for the second of eight times this year. The report gathers anecdotal information on current economic conditions from the 12 regional Fed banks.
Thursday 3/6
Broadcom, Burlington, Cooper Cos. Costco, Gap, Guidewire Software, Hewlett Packard Enterprise, Kroger, Macy's, and Samsara hold conference calls to discuss quarterly results.
The European Central Bank announces its monetary-policy decision. The ECB is widely expected to cut its key short-term interest rate by a quarter of a percentage point to 2.5%. It would be the central bank's sixth quarter-point rate cut since last June.
Friday 3/7
The Bureau of Labor Statistics releases the jobs report for February. Economists forecast a 155,000 increase in nonfarm payrolls, after a 143,000 gain in January. The unemployment rate is expected to remain unchanged at 3.1%. Initial jobless claims have risen recently, adding to investors' fears of a "growth scare" that has shaved 4% off the S&P 500 since its record close less than two weeks ago.
