March 25, 2014 -- 8:30 a.m. - 03/25/14
U.S. stock index futures are indicating a higher open. The Dow is about 0.5% above fair value. The S&P 500 and NASDAQ are up at least 0.4% in early action.
Stocks are poised to rebound from a two-day slump as investors focus on a large batch of economic data. On the housing front, the house price index is due out at 9:00 a.m. ET and is expected to increase 0.6% in January.
Later this morning at 10:00 a.m. ET, new homes are projected to drop by 4.9% in February while a gauge on consumer confidence is anticipated to edge higher this month to 78.5. In addition, a measure of manufacturing in the region covered by the Richmond Fed is expected to rebound this month after falling to the lowest level since last July.
The crisis in Ukraine is also in the spotlight after G-7 leaders moved to isolate Russia and agreed to implement punitive sanctions on the countrys main industries. In company news, Walt Disney is up 1.5% in pre-market trading after agreeing to buy Maker Studios, one of YouTube's largest networks, for $500 million.
In fixed-income, Treasury prices are falling before the U.S. auctions $32 billion in two-year notes. The 10-year note is down 6/32 to yield 2.75%. The 30-year bond is losing 21/32 yield 3.60%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.