Markets

Stock Futures Retreat Off Record Highs Ahead of Inflation, Housing and Manufacturing Data

An image of a person looking at financial reports
Credit: Shutterstock photo

Stock futures are marginally lower into Tuesday's open, backing off recent record highs ahead of today's inflation and production data, and in sympathy with a broader sell-off in global equities.

Wall Street is also bracing for the latest inflation data, as well as statistics on the housing market and manufacturing sector.

Consumer prices are expected to be unchanged in July, but higher by 0.2% excluding the food and fuel segment. Housing starts are projected to decline by 0.7% last month to a seasonally-adjusted annual rate of 1.180 million, while permits should rise 0.6% to a SAAR of 1.160 million.

Lastly, industrial production is expected to have increased 0.3% in July, as capacity utilization rises to 75.5% from 75.4% in June.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More