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Stock Futures Mixed on Housing Starts Data

NEW YORK (TheStreet) -- Stock futures were mixed ahead of Tuesday's open as data pointed to ongoing recovery in the housing market.
 
Futures for the Dow Jones Industrial Average were down 4 points to 16058.0 while futures for the S&P 500 were slipping 0.25 points to 1802.48. Futures for the Nasdaq were 2 points higher at 3431.0.
 
Housing permits hit a five-year high in October with home prices up 13.3 percent in September from a year earlier according to the Case-Shiller index. Building permits rose 6.2% in October to 1.034 million and were up 5.2% to 974,000 in September.

Markets closed mixed Monday after hitting an intra-day all-time high after a coalition including  the U.S. Britain, China, France, Germany and Russia agreed with Iran to freeze its nuclear armament program as a treaty is developed over the next six months.
 
In corporate news, Tiffany & Co (TIF) beat earnings estimates with profit of 73 cents a share - a result that saw its stock up 6.4% in premarket trading. Barnes & Noble BKS posted a jump in fiscal second-quarter profit due to cost cutting - but announced a larger than expected fall in revenue. Its shares were off 4.14% in premarket trade to $15.75. Management at U.S. automaker Chrysler have pushed back timing for an IPO from this year to the first quarter of 2014.
 
Consumer confidence for November is due at 10 a.m. with expectations for a reading of 72.9, up from 71.2 previously.
 
Oil prices are steadier after volatility triggered by news of Iran's nuclear deal. Brent crude inched up 22 cents to $111.22 a barrel Tuesday morning.
 
European markets were little changed: Germany's DAX were off 0.05% while the FTSE was down 0.46%. Major Asian markets including the Hang Seng were broadly flat.
 
-- Written by Jane Searle in New York 

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