Stock futures were pointing to a lower open in the U.S. trading session.
Then at 8:30 am, we got U.S. economic data. CPI came right in line with expectations, while housing data crushed expectations. Housing starts jump 15% to 658k versus the expectation for 590k.
Strong housing data caused futures to rally. The Dow, S&P 500, and Nasdaq futures are all flat.
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