Four Reasons Investors Are Worried About Washington

What’s in Today’s Report:

• Why Are Investors Worried About Washington? (Four Reasons)
• Chart: Chicago Fed National Activity Index Adds to Growth Fears

Futures are slightly lower as most global markets declined overnight, led by Asian tech stocks, after President Trump reiterated tariff plans for Canada and Mexico and revealed new plans limiting China’s semiconductor industry.

Today, there are two housing market reports to watch: Case-Shiller Home Price Index (E: 4.3%), FHFA House Price Index (E: 0.2%), before the more important economic release of the day, Consumer Confidence (E: 103.0) is due to be released shortly after the opening bell.

Following a string of weak economic reports in recent days, the market will be looking for some more upbeat and stable growth and consumer confidence figures today to help equities stabilize.

Additionally, there is one Fed speaker in the early afternoon: Barkin (1:00 p.m. ET) and a 5-Yr Treasury Note auction at 1:00 p.m. ET, both of which have the potential to move bond yields and impact equity market trading.

Finally, earnings season continues with a few notable companies reporting today including: HD ($3.04), KDP ($0.57), AMC ($-0.16), AXON ($1.41), and INTU ($2.58).