Economic Data Scheduled For Tuesday

• The flash Composite Purchasing Managers' Index for May is scheduled for release at 9:45 a.m. ET. Analysts expect manufacturing index slowing to 58.9 from April's 59.2, while services index is expected to decline to 55.3 from 55.6.
• Data on new home sales for April will be released at 10:00 a.m. ET. Sales for new homes are seen dropping to an annual rate of 750,000 in April from 763,000 in the previous month.
• The Richmond Fed manufacturing index for May is scheduled for release at 10:00 a.m. ET. Analysts expect an unchanged reading of 14 for May.
• Federal Reserve Chair Jerome Powell will speak at 12:20 p.m. ET.
• The Treasury is set to auction 2-year notes at 1:00 p.m. ET.
• Data on money supply for April will be released at 1:00 p.m. ET.

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