Stock Market Update

The S&P 500 futures currently trade 30 points above fair value. 

Housing starts in December increased 6.2% month-over-month to a seasonally adjusted annual rate of 1.404 million (Briefing.com consensus: 1.320 million).

Building permits increased 4.3% to a seasonally adjusted annual rate of 1.448 million (Briefing.com consensus: 1.412 million).

Durable goods orders decreased 1.4% month-over-month in December (Briefing.com consensus: -2.6%) following an upwardly revised 5.4% increase (from 5.3%) for November.

Excluding transportation, durable goods orders rose 0.9% month-over-month (Briefing.com consensus: 0.3%) following a downwardly revised 0.4% increase (from 0.5%) for November.