Stock futures rose early on better-than-expected earnings results from Home Depot and Wal-Mart, but futures pared gains after early economic reports.
Housing improved in July, but well short of expectations. Housing starts rose 1.7% after a sharp 8.7% decrease in June. Looking ahead, permits fell back 3.1% following a 1.6% rebound in June. A separate report showed producer prices rose by 0.2% in July, the first rise in four months. The number was in line with expectations and follows a dip of 0.5% in June. Reports on industrial production and capacity utilization will also be released today.
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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.
