Tuesday, August 16, 2016

Fairly Inline Data Could Fail To Lift Overbought Markets

The major U.S. index futures are pointing to a lower opening on Tuesday, with sentiment remaining sour despite some fairly in line domestic data. Separate reports showed in line housing starts data and stagnant consumer prices, which was also in line with expectations. Shares of Home Depot is little changed in pre-market session amid mixed quarterly results and insipid forward guidance.

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