Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, March 26:
1. -- U.S. stock futures were pointing to a rebound Tuesday ahead of U.S. durable goods orders and home price reports, both of which are expected to show sizable improvements.
European stocks were rising early Tuesday while Asian shares finished the session mixed.
2. -- The economic calendar in the U.S. Tuesday includes durable goods orders for February at 8:30 a.m. EDT, the S&P Case/Shiller Home Price Index for January at 9 a.m., new-home sales for February at 10 a.m., and the Conference Board's release of consumer confidence data for March at 10 a.m.
Economists polled by Reuters expect a 3.8% increase in February durable goods orders, compared with a 4.9% decline in January.
3. -- U.S. stocks on Monday fell on concern the painful bailout measures forced on Cyprus' citizens and Russian depositors has set a troubling precedence for other troubled eurozone nations, most notably Italy and Spain.
The Dow Jones Industrial Average finished lower by 0.44% to 14,447.75. The Nasdaq dropped 0.3% to 3,235.30. The S&P 500 fell 0.33% to finish at 1,551.69.
4. -- Boeing
The aerospace giant said the flight "went according to plan."
Boeing said it plans to analyze the information from the flight, and if it deems the test successful will take another flight in a few days to gather more data to submit to the Federal Aviation Administration.
Boeing hopes to get the planes in the air in a few weeks. They have been grounded since January after the lithium-ion batteries on two planes overheated.
5. -- Exxon Mobil
6. -- Sonic Corp.