The Market On Tuesday

Another gray and rainy day here. Ugh.

At 8:40 a.m. futures are flat, the dollar is up against the euro, pound, and the yen, and the price of oil is slightly up.

The market liked the new money infusion into health care, health shares rose yesterday.

The talk is about housing data expected out at 10 a.m. EST. Housing is key to the economy and good numbers will send the market up. Investors like good housing data.

CNN: Stocks set for a higher start

Stocks gained Monday, with health care shares ending sharply higher...


"I think the overarching feel is that we've taken a bite out of the apple on health care reform, and the market is OK with that."

Reuters: Stock futures little changed, housing sales eyed

...existing home sales for February will be released at 10:00 a.m. EDT.


"Existing home sales should bring some clarity to the economic picture. A positive number will add confidence the economy is on the right track and that the recession has been contained..."