U.S. stock index futures are indicating a higher open for the markets. Wall Street kicked off the week with a rough start, with the major domestic indices loosing about 2%.
Today on the economic front, housing starts unexpectedly fell in July, pulled down by multifamily dwellings, while single-family starts which make up most of the industry rose to the highest level since October. The 1% decline was the first drop in three months. Separately, producer prices in the U.S. fell more than forecast in July as energy prices receded. The overall Producer Price Index was down 0.1% and the core PPI was down 0.9%.
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- 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.
