U.S. Futures are Lower on Corporate News and Economic Data #Earnings #HousingStarts #Brexit

U.S. futures are lower on corporate news and economic data. Weaker than expected earnings from Home Depot along with multiple downgrades of Caterpillar were weighing on markets this morning. Home Depot disappointed on earnings and revenue, however, boosted buybacks and raised their dividend. On the data front, housing starts fell more than expected, falling 11.2% in December, while permits were slightly better than expected, rising 0.3%. Later this morning the market will get a look at December home prices, February consumer confidence and a speech by Fed Chair Jerome Powell at his semi-annual report to Congress. Also happening today will be a House vote to attempt to block President Trump’s declaration of an emergency to build the border wall.  European shares are lower, with most sectors trading lower. Reports have surfaced speculating that Prime Minister Theresa May is considering delaying the Brexit deadline as pressure builds over potentially leaving without a deal. Asian shares closed lower as trade headlines dominate the region.

U.S. Futures are Slightly Lower on Day Two of Fed ...
January FOMC Minutes Review #FOMC

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