Wide range of data on the calendar
Today's economic calendar focuses on durable goods, consumer confidence and residential real estate.
The Commerce Department will report last month's durable-goods orders at 8:30 a.m. ET. Economists anticipate a 3.8 percent increase, up from a -4.9 percent reading in January. Excluding volatile transportation equipment, it's expected to decline 0.2 percent.
The Case-Shiller index of home prices follows at 9 a.m. Forecasters project a 7.5 percent for January, accelerating from 6.8 percent in December. Consumer confidence and new home sales are scheduled for 10 a.m. Confidence is expected to slip to 66.9 from 69, while home sales are seen slowing to an annualized pace of 426,000 from 437,000.
Higher readings than economists project in any of today's reports would be potentially bullish.
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