Positive earnings news failed to generate momentum from investors this morning, setting the stage for Wall Street to open lower. Stocks fell Tuesday, dragged lower by mixed earnings reports, including disappointing results from DuPont and Coca-Cola, and a weak reading on the housing market.
The economic calendar is light today. The most prominent report of the day comes from the Federal Reserve, which will release its Beige Book at 2:00 pm ET. Also on the calendar, the Mortgage Bankers Association reported another drop in home loan applications. Tomorrow, we will get the weekly jobless claims number and the Conference Board’s index of leading indicators, which has risen for five consecutive months. On Friday we will get data on existing home sales.
- 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.
