Stock Market Update

[BRIEFING.COM] The major indices pulled back from session highs over the last half hour. The S&P 500 trades 25 points lower. 

Elsewhere, the 10-yr yield settled three basis points higher at 4.21% and the 2-yr yield settled two basis points lower at 3.96%. 

Looking ahead to Wednesday, market participants receive the following economic data:

• 7:00 ET: Weekly MBA Mortgage Index (prior -1.2%)
• 8:15 ET: February ADP Employment Change (Briefing.com consensus 145,000; prior 183,000)
• 9:45 ET: Final February S&P Global U.S. Services PMI (prior 49.7)
• 10:00 ET: February ISM Services (Briefing.com consensus 53.0%; prior 52.8%) and January Factory Orders (Briefing.com consensus 1.3%; prior -0.9%)
• 10:30 ET: Weekly crude oil inventories (prior -2.33 mln)