Stocks appeared set to start the new week slightly lower. This week’s focus will be on manufacturing and housing.
The Empire State Manufacturing survey was released before the start of trading. The regional reading on manufacturing rose from the prior month, but was just shy of expectations. Still to come today is the National Association of Home Builders housing market index and the Treasury International Capital report. Tomorrow, retail sales, housing starts, producer prices, and industrial production are scheduled for release. Mortgage application data will be released Wednesday, and on Thursday we will see the latest jobless claims number, the Philadelphia Fed survey and the latest take on the index of leading indicators. There are no economic reports scheduled for Friday.
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