Stock Market Update

The S&P 500 futures are down 20 points and are trading 0.2% below fair value, the Nasdaq 100 futures are down 81 points and are trading 0.1% below fair value, and the Dow Jones Industrial Average futures are down 257 points and are trading 0.5% below fair value.

Housing starts totaled 1.311 million in October (Briefing.com consensus 1.34 million) following a revised 1.353 million (from 1.354 million). Building permits totaled 1.416 million in October (Briefing.com consensus 1.441) following a revised 1.425 million (from 1.428 million).