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Few major reports on the calendar

Today is a relatively uneventful day for economic data, with relatively unimportant events on the calendar.

Weekly mortgage applications will be reported at 7 a.m. ET. Pending home sales for February follow at 10 a.m. and are expected to show of gain of 2 percent, down from 4.5 percent the previous month.

Crude-oil inventories will be released at 10:30 a.m., which could potentially move energy prices.

French and British gross domestic product will be also announced early in the morning hours, along with the Euro-zone's survey of economic sentiment. Those could shape sentiment before the opening bell in the United States.

Software maker Redhat will report fourth-quarter earnings after market close.

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

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