Lisa Levin

The manufacturing PMI for April is scheduled for release at 9:45 a.m. ET. The manufacturing index is expected to climb to 60.6 in April. The ISM manufacturing composite index for March will be released at 10:00 a.m. ET. The ISM index is likely to rise to 65 in April from previous reading of 64.7.

The employment cost index for the first quarter is scheduled for release at 8:30 a.m. ET. The employment cost index is expected to increase 2.4% year-over-year in the quarter.

Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are expected to increase to 615,000 for the April 17 week from 576,000 in the previous week.