Wednesday, January 27, 2010

Market Notes - January 27, 2010

The stock markets were headed for a flat start as investors take in numerous earnings reports.

The government releases December’s new home sales numbers at 10:00 am ET. The consensus calls for a gain of 2.8% following an 11.3% drop in November. We’ll also get a look at the weekly report on mortgage application and weekly crude oil inventories.

The Federal Reserve will conclude its two-day meeting, with the latest pronouncement on interest rates and the economy expected around 2:15 pm ET.