Stock Futures Point to Muted Open Ahead of Housing Data with Carnival (CCL) and Google (GOOG) on the move
Posted on September 26, 2012 at 08:46 AM EDT
First look... Stock futures pointed to a flat open this morning ahead of the release of housing and oil inventory data. The U.S. Commerce Department will issue home sales data for August after the open, measuring sales of new, single-family houses. Housing data out yesterday surprised to the upside, with the S&P/Case Shiller composite index of 20 metropolitan areas showing house prices edged higher for the sixth consecutive month in July. In addition, the Federal Housing Finance Agency's monthly home price index gained for the seventh straight month in July. European stocks fell Wednesday, as worries about Spain and Greece and the ongoing discord between euro-zone leaders roiled markets, while comments from a Federal Reserve o...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)