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On Tap Today: Construction Spending, Purchasing Managers' Index Slated for Release

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What a week! Hopefully, today's two economic reports the Purchasing Managers' Index and the Construction Spending report will bring some good news to the table.

A critical economic indicator, the Purchasing Managers' Index is the king of all manufacturing indices. The measure, which is based on a survey of purchasing executives at roughly 300 industrial companies, signals expansion if it's above 50 and contraction -- as it is expected to show today -- when it is below. Watch out for this report: It's known to move markets.

Economic Data


Forecasts are from


. Times are Eastern. For a longer-term economic calendar and more, see


Economic Databank.


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  • 10 a.m.: Purchasing Managers' Index for November. Source: National Association of Purchasing Management. Forecast: 48.5. Previous: 48.3.
  • 10 a.m.: Construction spending for October. Source: Census Bureau. Forecast: +0.1%. Previous: +2.4%.

IPO Quiet Periods Expiring


Ben Holmes, who heads

TSC's subsidiary, keeps a close eye on lockup expirations every week. For more on quiet periods and why they matter, check out Holmes' primer on the subject. The full current quiet period list is published separately. For information on IPO pricings, filings and aftermarket activity, plus a calendar of upcoming IPOs, check out's

IPO data section.


Quiet Period End

Deal Name


Lead Underwriter




Morgan Stanley Dean Witter