Stock Market Update

The S&P 500 futures currently trade two points below fair value.

Total housing starts increased to 1.502 million in March, up from 1.356 million in February.

Building permits decreased to 1.372 million in March, from 1.538 million in February.

Durable goods orders decreased 0.8% month-over-month in March (Briefing.com consensus: 0.5%) following an upwardly revised 1.2% decline (from -1.4%) in February.

Excluding transportation, durable goods orders increased 0.9% (Briefing.com consensus: 0.6%) following an upwardly revised 1.2% increase (from 0.8%) in February.

Advance international trade in goods for March came in at -$87.9 billion, from a prior level of -$83.5 billion.

Advance retail inventories for March came in at 0.7%, from a prior level of 0.3%.

Advance wholesale inventories for March came in at 1.4%, from a prior level of 0.9%.