Wall Street’s major stock exchanges opened Monday’s session trading mostly flat, as investors returned after the Good Friday break when the United States personal consumption expenditures data showed an increase of 0.8% in February. As the second quarter of the year is starting, and a little later after the opening bell, market participants are waiting for new private sector data.

The Dow Jones and the S&P 500 both opened flat. Simultaneously, the Nasdaq 100 gained 0.11%.

The euro traded 0.12% lower against the dollar at 9:28 am ET, selling for 1.07806.

Pre-Market Stock

Torrid Holdings (CURV) climbed over +13% in pre-market trading after the company reported better-than-expected Q4 results.

Applied Therapeutics (APLT) tumbled more than -14% in pre-market trading after announcing that the U.S. FDA extended the review period for the New Drug Application for govorestat by three months.

AT&T (T) fell over -1% in pre-market trading following the announcement by the U.S. telecom giant that certain company data-specific fields were leaked on the dark web about two weeks ago, affecting around 7.6 million current account holders and 65.4 million former account holders.

Cameco (CCJ) rose more than +1% in pre-market trading after Goldman Sachs initiated coverage of the stock with a Buy rating and a $55 price target.

Devon Energy (DVN) gained over +2% in pre-market trading after Wells Fargo upgraded the stock to Overweight from Equal Weight with a price target of $59.

Bill (BILL) slid more than -3% in pre-market trading after Wells Fargo downgraded the stock to Underweight from Equal Weight with a price target of $60.

Today’s U.S. Earnings Spotlight: Monday – April 1st

PVH (PVH), Sigma Lithium Resources (SGML), Ast Spacemobile (ASTS), Nano X (NNOX), Microvast Holdings (MVST), Natural Gas Services (NGS), Omeros (OMER), Sachem Capital (SACH), Escalade (ESCA).

Economic

Today, all eyes are focused on the U.S. ISM Manufacturing PMI in a couple of hours. Economists, on average, forecast that the March ISM Manufacturing PMI will come in at 48.5, compared to the previous value of 47.8.

Also, investors will likely focus on the U.S. S&P Global Manufacturing PMI, which stood at 52.2 in February. Economists foresee the March figure to be 52.5.

U.S. Construction Spending data will be reported today as well. Economists foresee this figure to stand at +0.7% m/m in February, compared to the previous number of -0.2% m/m.

In the bond markets, United States 10-year rates are at 4.202%, up +0.17%.

The highlight of the upcoming week will be the U.S. Nonfarm Payrolls report for March. Also, market participants will be eyeing a spate of other economic data releases, including U.S. JOLTs Job Openings, Factory Orders, ADP Nonfarm Employment Change, S&P Global Composite PMI, S&P Global Services PMI, ISM Non-Manufacturing PMI, Crude Oil Inventories, Exports, Imports, Initial Jobless Claims, Trade Balance, Average Hourly Earnings, Private Nonfarm Payrolls, Unemployment Rate, and Consumer Credit.

Meanwhile, Federal Reserve Chair Jerome Powell is scheduled to deliver a speech at the Stanford Business, Government, and Society Forum on Wednesday. In addition, several other Fed officials will be making appearances this week, including Cook, Bowman, Williams, Mester, Daly, Goolsbee, Barr, Barkin, and Collins.