U.S. stock index futures were poised for a weaker start, following a pull back in global markets, as investors awaited reports on housing prices, consumer confidence and manufacturing.
At 9:00 am ET, the S&P/Case-Shiller Home Price Index will be released. The index likely grew at a 3.1% year-over-year rate in June, slightly slower than the 4.6% rate in May. At 9:45 am, the Chicago Purchasing Mangers index, a regional reading on manufacturing, is expected to show a drop to 57.6 for August, compared to last month’s 62.3 reading. The Conference Board’s Consumer Confidence Index, out at 10:00 am, is forecast to come in at 51.0 for August, compared to the July reading of 50.4. And at 2:00 pm, the Federal Reserve releases minutes from the most recent Federal Open Market Committee meeting.
- 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.
