The stock market is on track for a lower opening this morning as recent AI optimism hits a road bump, oil prices move higher, and investors assess a hefty slate of earnings.
On the data front, the FHFA Housing Price Index was flat month-over-month in February (Briefing.com consensus 0.2%), from an upwardly revised prior increase of 0.2% (from 0.1%).
The February S&P Case-Shiller Home Price Index increased 0.9% (Briefing.com consensus 1.2%) from a prior increase of 1.2%.