U.S. stock futures point to a lower start, but improved after reports showed inflation remained tame and manufacturing in the New York area rose more than expected. Government reports showed consumer prices rose 0.1% in December, while the Empire State manufacturing index hit 15.92 in January, a big leap from its 4.50 reading in December. Still to come before the open is a report on industrial production and capacity and the University of Michigan report on consumer sentiment is due later this morning.
On the earnings front, Intel posted good quarterly results after yesterday’s close. The chipmaker topped estimates on both sales and earnings. This morning, JPMorgan Chase reported earnings better than expected.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
