Investors are waiting for the U.S. Pending Home Sales report to be released Wednesday morning.
In the stock market, the S&P 500 dwindled some as traders await the pending home sales release.
Figures from yesterday showed that U.S. New Home Sales fell 4.6% in February. New home sales in the northeast fell 13.3%. In the south, they fell 9.7%. The west saw a slight decline of 2.1% and the Midwest increased 13.7%.
Today’s pending home sales It is expected that pending home sales will also decline, a .3% drop is expected to be communicated by the National Association of Realtors today. Last month pending sales hit a two-year high.
This week the U.S. Dollar has been weak, let’s see if it turns around.
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