Sales of Previously Owned Homes, Treasury Auction, Plan to Prevent Homelessness

The market's confidence in China’s decision to loosen its peg to the U.S. dollar ended up fizzling out before the close yesterday, leaving stocks flat at the end of the session. Overnight, excitement continued to dampen, causing global equities to fall and the yuan to lose half of its gains against the dollar.</p

Two hours before the opening bell, Dow futures are down 23 points to 10,373 and S&P 500 futures are off 3.10 points to 1,107.50.</p

Light crude oil is down 1.57% and Gold prices are 0.07% lower at $1,238.80 per ounce.</p

The US dollar index is up 17 basis points to 86.10.</p

Key Events Today:</p

The nation's first “comprehensive strategy to prevent and end homelessness” will be released by the U.S. Interagency Counsel on Homelessness (USICH).  The council is an independent agency composed of 19 cabinet secretaries and agency heads dealing with aspects of homelessness.  The report is designed to serve as a roadmap for joint action by the agencies represented on the council in the formation of programs and budget proposals toward the council's goals.<br /<br /The report, titled "Opening Doors:  The Federal Strategic Plan to Prevent and End Homelessness,” is the result The HEARTH Act, signed intorn law in May, 2009 and subsequent meetings USICH has held with stakeholders, input from organized federal working groups, public comment, and experts throughout the country, all focused on developing an action plan to solve homelessness for veterans, adults, and families.<br /<br /After the plan is released in a formal White House presentation which will be broadcast live on the White House website, USICH and the member agencies plan to work with Congress, mayors, legislatures, advocates, community organizations, and other stakeholders to implement the proposed programs.</p

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