NEW YORK (AP) — U.S. stock futures are under pressure ahead of new data expected to show that businesses eased back on big-ticket purchases last month, as well as a report Friday that revealed a drop-off in new home purchases.
Dow Jones industrial futures are down 22 points to 14,696. S&P futures have given up 1.9 points to 1,659.50. Nasdaq futures are down a point at 3,120.25.
Economists expect the Commerce Department to report Monday that orders for durable goods dropped 3.7 percent in July. Orders rose 3.9 percent in June thanks in part to strong plane orders.
Economists were caught off guard Friday when the government reported a sharp decline in new home sales, revealing the chilling effect that higher mortgage rates are having on a hot housing market.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Santa Fe police are working on a new way to put a stop to busy burglars. Instead of throwing them in jail they want to put them rehab.
A winter storm warning has been issued for Albuquerque and surrounding areas through 11 p.m. Thursday.
Tempers flared Wednesday night at the Albuquerque Public Schools Board of Education meeting as the firestorm over teacher evaluations and student testing continues.
An Albuquerque man says an emergency vet clinic turned away his dying dog because he didn't have enough cash in his pocket to pay to save him. The dog later died.
Closing arguments wrapped up Wednesday in the final sentencing phase of John McCluskey's federal murder trial. The same jury that convicted him of killing an Oklahoma couple, must now decide whether McCluskey should face the death penalty.
Today’s top weather and news stories with Elizabeth Alvarez, Matt Mauro and meteorologist Kristen Van Dyke.