This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Market Hustle: Stock Futures Pare Losses After Housing Market Data

NEW YORK (TheStreet) -- Stock futures were paring losses after some upbeat housing market reports.

  • Dow Jones Industrial Average futures were down 6 points, or 3.14 points below fair value, to 16,180. S&P 500 futures were down 1 point, or 0.16 points below fair value, to 1,845. Nasdaq futures were up 0.5 points, or 3.79 points above fair value, to 3,688.5.
  • The Case-Shiller 20-city Index dipped 0.1% month-on-month in December but gained a solid 13.4% year-over-year.
  • The FHFA Housing Price Index indicated a 0.8% increase in December and 1.2% rise in the fourth quarter, marking the 10th consecutive quarterly price increase in the seasonally adjusted index.
  • Consumer confidence numbers for February will be out at 10 a.m. EST. The sentiment reading is expected to weaken a bit to 80 from a stronger-than-expected 80.7 level in January.
  • The S&P 500 hit a fresh record Monday as expectations of a European Union aid package to the Ukraine boosted European markets, while domestic M&A activity continued.
  • International markets were largely weaker despite the sharp gains in the U.S. market as the People's Bank of China drained liquidity through the sale of RMB100 billion ($16.4 billion) of 14-day repurchase agreements, and mining stocks declined amid softer metal prices. The FTSE 100 in the U.K. was down 0.94%, the DAX in Germany was off 0.51%, the Nikkei 225 in Japan settled up 1.44%, the Hong Kong Hang Seng fell 0.32%, and the Shanghai Composite slid 2.05%.
  • Home Depot (HD) was rising 2.59% to $79.89 after its quarterly earnings per share of 73 cents topped Wall Street estimates of 71 cents. The company announced smaller-than-expected fourth-quarter sales due to the effect of bad weather.
  • Tenet Healthcare (THC - Get Report)was shedding 1.2% to $47.75 after reporting a fourth-quarter loss as results were weighed down by expenses tied to the buyout of Vanguard Health Systems.
  • JPMorgan Chase (JPM - Get Report)was down marginally as the company revealed in an investor presentation that it may cut 8,000 jobs at its consumer and mortgage banking divisions as home loan demand continues to weaken; that's in addition to the 13,000 to 15,000 jobs that are already in the process of being eliminated.
  • Domino's Pizza (DPZ - Get Report) was tacking on 1.75% to $76 after hiking its quarterly dividend by 5 cents to 25 cents a share and reporting quarterly results that topped expectations.

-- Written by Andrea Tse in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DPZ $104.00 0.00%
JPM $61.58 0.00%
THC $46.74 0.00%
AAPL $130.42 0.00%
FB $80.41 0.00%

Markets

DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs