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Stock Futures Weak Ahead of Housing Data, FOMC Minutes
The Street ^ | August 21, 2013 | Andrea Tse

Posted on 08/21/2013 4:30:53 AM PDT by John W

NEW YORK (TheStreet) -- U.S. stock futures were drifting lower Wednesday as the market awaited housing market data and earnings reports, as well as the latest Federal Open Market Committee meeting minutes that could provide more clues on when the Federal Reserve may taper its stimulative bond-buying program of $85 billion a month.

Minutes from the July meeting of the Federal Open Market Committee will be released at 2 p.m. EDT.

Aside from the FOMC minutes, there will also be housing market data including July existing home sales numbers at 10 a.m.

The National Association of Realtors is expected to report that existing homes sales rose to a seasonally adjusted annual rate of 5.15 million from a pace of 5.08 million a month earlier.

(Excerpt) Read more at thestreet.com ...


TOPICS: Business/Economy; News/Current Events
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1 posted on 08/21/2013 4:30:53 AM PDT by John W
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