At 9:45 a.m., we'll get the new Chicago PMI reading.
Economists expect the regional index fell to 56.4, from 59.6 in January.
"We anticipate a substantial drop-off in the Chicago business barometer in February,"Citi's Peter D'Antonio wrote clients.
"The Chicago area is accustomed to nasty winter conditions, so we normally wouldn’t look for weather effects in a manufacturing index from that region. However, the region’s activity would be affected by a pullback in demand for its products due to weather. In this case, the relative importance of autos means that the dramatic weather-related reduction in vehicle sales in recent months (and the corresponding overstocked lots and reduced orders) could impact this measure of activity," he said.