Today is Fed Chair Jerome Powell Day as he tees it up for the first time as Fed chief. What he says today before Congress about the outlook for inflation and about bank regulation will be watched with scrutiny. Stay tuned…
The S&P Corelogic Case-Shiller HPI 20-city adjusted home prices rose a strong and as-expected 0.6 percent in December. Monthly gains are all led by Western names: Denver and Seattle at 1.2 percent and San Francisco and Las Vegas at 1.1 percent.
New orders for manufactured durable goods in January decreased $9.2 billion or 3.7 percent to $239.7 billion, the U.S. Census Bureau announced today. This decrease, down following two consecutive monthly increases, followed a 2.6 percent December increase.
The latest Conference Board Consumer Confidence Index was also released this morning based on data collected through February 15. The headline number of 130.8 was an increase from the final reading of 124.3 for January, a downward revision from 125.4.
American Tower, Bank of Montreal, EOG Resources, Live Nation Entertainment, Macy’s, Square, Inc., and Toll Brothers hold earnings conference calls.