Stock Market Update
27-Oct-26 09:17 ET
Futures point to higher open amid busy morning of data and earnings
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +20.00. Nasdaq futures vs fair value: +112.00.
The stock market remains poised for a higher open this morning as investors assess the latest round of earnings and economic data.
Just released, the FHFA Housing Price Index rose 0.3% in August (Briefing.com consensus 0.2%), from a prior 0.2% increase.
The S&P Case-Shiller Home Price Index rose 2.7% in August (Briefing.com consensus 2.8%), from a prior increase of 2.5%.
Released earlier, durable goods orders increased 1.8% month-over-month (Brieifng.com consensus: 1.0%) following an upwardly revised 0.1% increase (from 0.0%) for August. Excluding transportation, durable goods orders rose 0.5% month-over-month (Briefing.com consensus: 0.6%) following a 0.3% increase in August.
The key takeaway from the report is the ongoing strength in business spending, captured in the 0.5% increase in new orders for nondefense capital goods excluding aircraft, which came on top of a 1.6% increase in August and a 0.6% increase in July.
