Gains Expected from Durable Goods, New Home Sales
Investor sentiment is cautious ahead of the Durable Goods release at 8:30 and the New Home Sales report at 10:00. Equity futures are looking slightly downward, with the S&P 500 down 3 points to 1,023, more than erasing yesterday’s modest 2.4-point gain.
Both data reports are expected to bring good news. Before the two releases, the Mortgage Bankers Association said its Market Composite Index â€
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