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Wall Street Might Open Slightly Down

A slew of economic announcements, especially second quarter GDP, Employment Report as well as Corporate Profits, might be the focus on Wednesday morning trade. Asian shares finished mostly up, while European shares are trading lower Early signs from the U.

Pending home sales rose 0.9% in July

Mirroring the trend for new home sales(+4.4%), pending home sales rose 0.9% in July, according to data released by NAR. 

Futures Point To Positive Open For Wall Street

Pending home sales rose 0.3% in June, the first increase in 3 months

After dropping slightly month over month in May, pending home sales ticked back up in June, rising 0.3%. The NAR expects a big rebound in existing-sales next year.

Existing-Home Sales Retreated 3.3% in June; Monthly Median

Washington, D.C., July 20, 2023 (GLOBE NEWSWIRE) Key Highlights Existing-home sales dropped 3.3% in June to a seasonally adjusted annual rate.