Market News

February 26, 2014  Wed 2:45 AM CT

New-home sales are today's main calendar event, but several retailers will report quarterly numbers as well.

Economists expect an annualized reading of 400,000 for January, down from 414,000 in the previous month. The Commerce Department will release the numbers at 10 a.m. ET.

Weekly mortgage purchase applications come out earlier in the session, at 7 a.m. ET. There are no estimates for that report, as it isn't tracked by forecasters.

There are also several earning reports from retailers: Abercrombie & Fitch, Dollar Tree, Barnes & Noble, Lowe's, Target, and TJX before the opening bell, followed by L Brands and J.C. Penney in the afternoon. Autodesk, Baidu, Transocean, and TiVo also announce after the close.
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