Stock futures extended to their early gains after reports showed consumers are spending more and inflation remains tame.
The markets had an early positive tone on strong corporate earnings news. Intel’s report yesterday showed companies are starting to spend again on technology. The chipmaker easily beat expectations for earnings and revenue. JPMorgan Chase and CSX also topped earnings estimates.
Sales at U.S. retailers rose more than expected in March. The Commerce Department said total retail sales jumped 1.6% from an upwardly revised 0.5% in February. On a year-ago basis, overall sales jumped to 7.6% from 4.4% the month before. Meanwhile, overall CPI inflation for March nudged up 0.1%, matching expectations, and core CPI inflation eased to no change. Overall, inflation remains quite subdued which should be good for bonds.
- 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.
