Wall Street Set To Open Mostly Higher
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Trading on Tuesday might be influenced by reports on Retail Sales, Industrial Production, as well as Homebuilder Confidence.
The strategy of the new U.S. Government at the Mexico border is creating tension. The report that more than 4000 children are stuck in the border is inviting criticism for the Biden administration.
Early signs from the U.S. Futures Index suggest that Wall Street might open broadly higher.
Asian shares finished mostly up, while European shares are trading broadly positive.
As of 7.55 am ET, the Dow futures were sliding 9.00 points, the S&P 500 futures were up 4.25 points and the Nasdaq 100 futures were gaining 69.75 points.
Economy Report: Positive Indicators
Mar 9, 2021
One important indicator of consumer confidence rose in February, a hopeful sign for the economy as the pandemic entered a second year amid more than 500,000 deaths from the coronavirus in the United States.
The Conference Board reported that its Consumer Confidence Index climbed to 91.3 from a revised 88.9 in January. For the overall index, this was a three-month high.
“After three months of consecutive declines in the Present Situation Index, consumers’ assessment of current conditions improved in February,” Lynn Franco, senior director of economic indicators at The Conference Board, stated in a press release. “This course reversal suggests economic growth has not slowed further. While the Expectations Index fell marginally in February, consumers remain cautiously optimistic, on the whole, about the outlook for the coming months. Notably, vacation intentions particularly, plans to travel outside the U.S. via air saw an
is my attempt to make sense of it all for you, the real estate professional, from an overall economic standpoint.
There were a lot of housing-related data releases worthy of discussion this past month, so let’s get straight to it. I’m going to start out with the latest homeownership data that was just released by the U.S. Census Bureau.
Homeownership rate
Those of you who regularly watch my videos may remember that last year, I suggested that the data may have been a little bit suspect specifically when it came to the second and third quarter ownership rates.
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