Investors await home sales numbers; futures point to mixed to lower start on Wall Street.
August 25, 2003: 6:28 AM EDT
NEW YORK (CNN/Money) - Investors will be eyeing home sales Monday for clues to the economy's direction after stocks ended on a down note last week.
S&P and Nasdaq futures pointed to a mixed to lower start on Wall Street.
Stocks fell Friday despite an early boost from Intel, which raised its forecast for sales and gross margins, but the major indexes still managed to end the week higher.
Overseas, stocks started lower in Europe, where trading was subdued with London markets closed for a holiday. Stocks ended mixed in Asia.
Treasury bond prices were little changed, leaving the yield on the 10-year note at about 4.47 percent.
The dollar edged lower against the Japanese yen.
Stock prices tumbled in India Monday after a series of bomb blasts rocked the center of Bombay, the financial capital, killing at least 25 and wounding more than 100.
Back home, investors will be watching existing home sales numbers for July, due shortly after the market opens. Economists expect sales ran at a 5.9 million annual rate, up from 5.83 million in June, according to a survey by Briefing.com.
Investors will be awaiting other reports later this week -- including durable goods for July, consumer confidence in August, a revision of gross domestic product and Chicago-area manufacturing -- to see if the market can break out of its recent range.
While stocks managed gains last week, the S&P 500 has been caught in a tight range since mid-June, making basically no headway at all.
Wrapping up the week: Federal Reserve Chairman Alan Greenspan is due to speak Friday at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyo. The topic: Monetary Policy and Uncertainty.
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