U.S. stock futures pointed to a slightly lower open for Wall Street. There are a few earnings reports this morning that could be influential. Home Depot, the nation’s largest home-improvement center, posted fourth-quarter earnings that topped estimates and raised dividends for the first time since 2006. The report comes a day after Lowe’s, the second largest U.S. home-improvement retailer, also posted earnings that exceeded estimates. Meanwhile, Sears Holdings, the operator of Sears and Kmart stores, reported profits that more than double last quarter, helped by stronger sales. Target and Macy’s also beat estimates.
The S&P/Case-Shiller home price index comes out at 9:00 am ET. That will be followed by a report on consumer confidence at 10:00 am ET. Tomorrow, we will see data on new home sales and Fed Chairman Ben Bernanke reports to Congress.
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