After dropping more than 90 points in morning trading yesterday, the Dow Jones Industrial Average
Today, investors will be hoping that new economic reports released this morning can help the Dow finish out the week strong.
What to watch today
Investors will be keeping a close eye this morning on the Department of Commerce's personal income and spending report for February. Economists expect personal income to post its third straight rise, while personal spending is expected to increase from January, buoyed by strong auto sales. Ford
The Chicago Purchasing Managers Index will also be released this morning. The report is a monthly measure of business conditions for the Chicago region, which tends to correlate well with national manufacturing activities. Economists expect the Chicago PMI to drop to 62 in March from 64 in February. That would still be solidly above 50, which represents expansion.
Finally, the University of Michigan Consumer Sentiment Index will be released this morning at 10:00 ET. The index has grown for six straight months, but economists forecast that rising gas prices might help end that positive streak this month.
Outside the Dow, there is one earnings report in particular that investors will be watching closely. Dividend monster Chimera
The big picture
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Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool owns shares of Ford. Motley Fool newsletter services have recommended buying shares of General Motors and Ford and creating a synthetic long position in Ford. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.