Equity Futures Indicate A Market That Remains Largely Unchanged This Morning Following Slightly Lower Close Yesterday
U.S. stock futures are higher. Equity futures indicate a market that remains largely unchanged this morning, following a slightly lower close yesterday that pulled indexes away from all-time highs. Yields are also mostly unchanged. Major retailers continue to release their earnings reports, closing out earnings season. In economic news, January Durable Goods orders declined more than anticipated, with a 6.1% decrease compared to the expected 5.0% decline. Excluding transportation, orders decreased by 0.3%, in contrast to estimates of a 0.2% increase. Shortly after the market opens, consumer confidence data will be released. Federal Reserve officials will be engaging in speaking events throughout the week. Meanwhile, in international markets, Asian markets closed mostly higher, while European markets are experiencing a downturn in afternoon trading. Gold and crude prices are on the rise, while the U.S. Dollar remain stable.
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