U.S. Existing Home Sales Might Decline To This Rate In June, Here Are The Major Macro Issues For Wednesday

U.S. Existing Home Sales Might Decline To This Rate In June, Here Are The Major Macro Issues For Wednesday

U.S. stocks closed sharply higher on Tuesday with Johnson & Johnson JNJ reporting better-than-expected results for its second quarter.

Below is a look at the major economic reports scheduled for release today.

  • The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
  • Data on existing home sales for June will be released at 10:00 a.m. ET. Existing home sales have slowed to an annualized rate of 5.41 million in May, with analysts expecting a slight drop to 5.395 million for June.
  • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.
  • The Treasury is set to auction 20-year bonds at 1:00 p.m. ET.

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Posted In: Economic DataNewsEconomicsPre-Market OutlookMarkets