Stocks were poised for a lackluster start as investors digested another round of earnings and the latest push for financial reform.
The Labor Department said initial jobless claims fell to 456,000 last week, about in line with expectations. A separate report showed producer price inflation rose more than expected in March on strong food and gasoline costs. The overall PPI rebounded 0.7% after declining 0.6% in February. At the core level, the PPI inflation rate was steady with a 0.1% gain that matched forecasts.
At 10 am, the National Association of Realtors issues existing home sales numbers for March. Consensus estimates call for a 3.8% increase, following a 0.6% drop in February.
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