Industrial, consumer data on docket

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Today's economic calendar focuses on industrial data and consumer sentiment.

The Federal Reserve Bank of New York will release its Empire Manufacturing Index at 8:30 a.m. ET. Economists expect a reading of zero, up from -7.8 in January. The report seldom affects market sentiment because it covers a relatively limited geographical area.

The national Fed reports January industrial production at 9:15 a.m. ET. Forecasts are looking for an increase of 0.2 percent, slower than the 0.3 percent gain in December.

The University of Michigan follows with its gauge of consumer sentiment at 9:55 a.m. ET. Economists expect a reading of 73.5, slightly lower than 73.8 last month.

U.S. markets will be closed on Monday in observance of Presidents Day.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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