Democratic Underground - Wall Street Poised for a Soft Start

Reply #19: Wall Street Poised for a Soft Start [View All]

ozymandius

(1000+ posts) Send PM | Profile | Ignore

Thu Feb-26-04 09:34 AM
Response to Reply #8

19. Wall Street Poised for a Soft Start

NEW YORK (Reuters) - Shares are set for a soft open on Thursday as reports on the job market and durable goods failed to alleviate investor concerns that the stock market is pricey following last year's surge.

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Separate government data showed new orders for long-lasting U.S. manufactured goods dropped unexpectedly in January as demand for aircraft and cars fell sharply. But an upward revision to December took some of the sting out of the often-volatile report.

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New home sales are due at 10:00 a.m. (1500 GMT) and are expected to rise to 1.065 million in January, from 1.060 million in December, encouraged by cheap financing.

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Reply #19: Wall Street Poised for a Soft Start [View All]