Thursday, January 23, 2014

Stock futures mixed ahead of housing market…

Major stock index futures were mixed ahead of the start of regular trading, Thursday.

Dow Jones industrial average index futures were down 0.2% and Standard & Poor's 500 index futures were down 0.2%, while Nasdaq composite futures were flat.

On Wednesday, the Dow ended down 0.25%, while the Standard & Poor's 500 finished up 0.1% and the Nasdaq composite was up 0.4%.

WEDNESDAY: Stocks end mixed: Sluggish '14 continues

Investors will be closely watching economic reports on the housing market as they look for any clues as to where a market that has been flat for 2014 is headed. FHFA home prices and existing home sales reports will come out Thursday, as well as numbers on weekly jobless claims.

Asian markets had a tough day after a report indicated that China's manufacturing, a mainstay of the world's second largest economy, was likely to shrink for the first time in half a year. Japan's Nikkei 225 index dove 125.07 points, 0.8%, to 15,695.89; Hong Kong's Hang Seng index fell 348.35 points, 1.5%, to 22,733.90 points and the Shanghai composite lost 9.57 points, 0.5%, to 2,042.18.

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In Europe, Britain's FTSE and Germany's DAX were down 0.1%, while France's CAC-40 index was up 0.2%.

Contributing: The Associated Press

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