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The Day Ahead: Durable Goods, New Home Sales, Auctions

October 28, 2009 – 4:09 am Shares in the S&P 500 have fallen for three consecutive days and on Wednesday futures are extending those losses ahead of fresh data and more Q3 earnings. About two hours before the open the S&P looks to open nearly 6 points down, after trimming 3.4 points yesterday. While investors wait for the durable goods report, which is expected to advance in September, sentiment will remain skittish as investors open up the Wall Street Journal to learn that GM’s financing arm, GMAC, is seeking more taxpayer aid. ...(read more)