PPI, Industrial Production, TIC Flows, Housing Confidence
Equity markets are looking down before the bell but the losses are modest compared to the Monday rally.
S&P 500 futures are off 2.1 points to 1,104 and Dow future have shed 5 points to 10,363. On Monday investors pushed the S&P up nearly 16 points, or 1.45%, to a new 13-month high. The Dow saw a 1.33% gain to 10,407.
Meanwhile, emerging from a 15-month low the dollar index is up 0.4% to 75.20 a day after Fed chairman Ben Bernanke said the Fed would “help ensure that the dollar is strong.”
In line with equities, WTI Crude oil is off 34 cents to $78.56 per barrel, and Spot Gold is trading $8.26 lower at $1,131.
In earnings, Home Depot said sales fell 8% in the third quarter. The CEO said “there is still a great deal of pressure in the housing and home improvement markets, though there are some positive signs of stabilization.” Markets will hear from Target later in the day.
Key Events Today:
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