U.S. stocks ended last week lower after disappointing retail sales results. Today stocks are poised for a higher start after Lowe’s posted better-than-expected earnings results and guidance. The home improvement retailer posted a profit of 32 cents per share that, while lower than the previous year, beat estimates.
There are no major economic releases today and the rest of week will be very light on data, which could lead to some additional volatility as the market searches for direction. Tomorrow we will get information on housing starts and building permits. The FOMC minutes from their previous meeting will be released Wednesday, and the weekly jobless claims, the Philly Fed Index and the Leading Indicators will be released Thursday.
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