Stock Futures Point to Mixed Open on Earnings, Housing Data with Bank of America (BAC) and PepsiCo (PEP) on the move
Posted on October 17, 2012 at 08:40 AM EDT
Stock index indicated a mixed open this morning, after a rally sparked by better-than-expected U.S. earnings seemed to lose its momentum and as investors await new housing market data. Before the open the Census Bureau will release data on housing starts and building permits for the month of September. Housing starts are expected to come in at an annual rate of 768,000 while building permits are expected to have been issued at an annual rate of 815,000. Markets in Europe managed to post small gains after Moody's Investor Services held Spain's credit rating at investment grade and didn't dump it into ju...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)