Market Insider

Rocky month, US data in focus

What to watch ahead of the Fed: Fisher

Ahead of Friday's highly anticipated jobs report, investors will watch two key reports out Tuesday for further indications on the domestic economy.

The August ISM manufacturing index comes at 10 a.m. ET. As of the close Monday, analysts polled by Thomson Reuters expected a read of 52.6, a tick lower than July's 52.7 print.

Quincy Krosby, market strategist at Prudential Financial, said her firm is watching for new orders and hiring intentions within the ISM report.

"The market's been watching all the economic data to see if the economy is getting enough momentum for the Fed to pull the trigger," Krosby said. "Over the last number of years, when we have had pullbacks, really what you needed to get the market going was positive comments from the Fed."

U.S. auto sales for August come out throughout the day and are expected to show continued strength in the consumer.