US Futures Are In The Red
Feb 19, 2014, 19:25 IST
U.S. futures are in the red ahead of today's trading session. However, they are off of their lows.
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Dow futures are down 26 points.
S&P 500 futures are down 3.5 points.
Nasdaq futures are down 3.9 points.
Housing market data has been ugly lately.
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Earlier today, we learned that mortgage applications fell another 4.1% during the week ending Feb. 14.
That was followed by the Census' January residential construction report that showed housing starts plunged 16% and building permits fell 4.9% during the month.
"Housing was an area of weakness even before the recent stretch [of bad data], with the Fed having made note of the slowing of the housing recovery following last year's sell-off," wrote Credit Suisse interest rate strategists ahead of today's data.
