Stock Futures Fall Moderately
U.S. stocks headed for a moderately lower opening Tuesday as investors paused ahead of the latest reading on the housing sector, which is due before the opening bell.
A Commerce Department report on February housing starts and building permits comes on the same day the Federal Reserve begins a two-day meeting on interest rates. While Wall Street won't hear from the central bank until Wednesday, investors will likely still consider whether recent market gyrations and a sense that the economy is slowing will prompt the Fed to signal a change in its stance on interest rates.
A Commerce Department report on February housing starts and building permits comes on the same day the Federal Reserve begins a two-day meeting on interest rates. While Wall Street won't hear from the central bank until Wednesday, investors will likely still consider whether recent market gyrations and a sense that the economy is slowing will prompt the Fed to signal a change in its stance on interest rates.
posted by Stock Administrator @ 7:18 AM
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