Futures remain higher ahead of the open Stock futures remain higher, with the Nasdaq leading the way. Meanwhile, the government reported that there were 329K initial weekly jobless claims, versus the expected 315K. Continuing claims came in at 2.68M versus the expected 2.74M. Durable goods orders rose 2.6% in March overall versus the expected increase of 2.0%, while the core reading which removes transportation items was up 2.0% versus the expected increase of 0.6%.
BofA/Merrill to hold a conference 2015 Payments & Card Conference is being held in Scottsdale, AZ on May 18-20.
Futures slightly lower ahead of opening of new week U.S. equity futures are below fair value following a weekend of quiet news flow. The first quarter earnings season is winding down and investors are beginning to look forward to the long Memorial Day weekend. Today’s focus will be on the housing data due out at 10:00am EDT with the release of the NAHB housing market index. Many have expressed concern that the housing rebound will remain muted for the foreseeable future as the Fed gears up to begin raising interest rates.