Two key US economic reports out today

CNBC’s Rebecca Jarvis  - Two key US economic reports out today, the institute for supply managements look at manufacturing for February growth at orders and production, which has pretty much being flat for six-months.
 
Look at data on new construction spending for January, was down more than 1% in December, mainly due to a plunge in residential construction. Commercial spending, however, showed gains throughout 2007.
 
More continue to gain numbers on February US auto sales from the big carmakers who have some Monday morning quarter backing on Friday’s after the bell, Berkshire Hathaway results, and the remarks made by Warren Buffett in his highly anticipated letter.
 
We also see the US Treasury Department Auction of three-month and six-months T-Bills today and the weekly sale of four-week bills.
 
Finally 130 American households will be getting letters from the IRS this week. But its good news, reminded a file that 2007 tax returns so they can get their 2008 stimulus payments. After Friday’s sell-off the Dow begins the day at 12266, the Nasdaq started 2271. 
 
Wall Street Action - Data This Week

• Two key US economic report to be out today
• ISM outlook for Feb manufacturing growth flat
• Data on new construction spending in Jan to be released
• Commercial spending gains in 2007
• US treasury department auction
• 130 households to get letters from the IRS