In terms of bigger macro themes, the vaccine rollout that promises the end of lockdowns at some point in the future remains a focus. As does President Joe Biden’s $1.9 trillion stimulus package, which is the topic of debate in Washington.
In Monday’s economic data, the Institute for Supply Management’s manufacturing index showed that activity in the sector slowed slightly in January. The index fell to 58.7, down nearly 2 points versus December. Any value over 50 denotes an expansion in the sector.