Lackluster Data May Temper Market Mood
The major U.S. index futures are pointing to a roughly flat opening on Wednesday, with sentiment reflecting negativity amid the release of some sour domestic data. Jobless claims climbed strongly, and notwithstanding a better than expected headline number, the inner details of the durable goods orders data were worrisome. A separate Commerce Department report showed that personal income and spending rose a little less than expected. The trio of data has sent the dollar lower. The markets may now turn towards a few more key economic data on regional manufacturing activity, new home sales, pending home sales and consumer sentiment for direction.