Filed under: Before the bell, Earnings reports, Wal-Mart (WMT), Home Depot (HD), Market matters, Economic data, Housing

U.S. stocks were higher this morning as stocks seems poised to rebound this morning after another day of declines yesterday. Retailers earnings are in focus this morning as well as housing data. Wal-Mart helped lift stocks this morning after it reported earnings that beat the Street’s expectation. Lower oil prices also helped lift stocks, now trading around $93.5 a barrel.

Yesterday, U.S. stocks closed lower despite the Dow industrials gaining as much as 119 points earlier in the day. The Dow industrials ended up closing 55 points lower, or 0.42%, finishing below 13,000. the S&P 500 declined 14 points, or 1%, and the Nasdaq Composite dropped 43 points, or 1.67%.

Today, a report on September pending home sales is due at 10 a.m. EST. Any data on the slumping housing market tends to be in focus these day, as it is also related to the meltdown in mortgage market.

Continue reading Before the bell: Stocks to rebound as oil drops, Wal-Mart beats

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This entry was posted on Tuesday, November 13th, 2007 at 12:39 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.