Stocks higher after JPMorgan’s beat, worse-than-expected housing data

Filed under: Company News , Economy , Earnings U.S. stock futures were mixed to lower Thursday morning, indicating Wall Street could have yet another slow start despite J.P. Morgan Chase beating analyst earnings estimates and Nokia meeting them . Some housing data will also be in focus this morning, as is news of General Growth filing for Chapter 11 . [ Update 8:50 am: Futures turned higher despite housing data coming in lower than expected housing starts and building permits, as well as another decline in jobless claims.] Meanwhile, the number of American households threatened

with losing their homes jumped 24 percent in the first three months of this year. And this number could rise further as major lenders restart foreclosures after a temporary break. However, President Barack Obama’s plan to help up to 9 million borrowers avoid foreclosure could help. Continue reading Stocks higher after JPMorgan’s beat, worse-than-expected housing data Stocks higher after JPMorgan’s beat, worse-than-expected housing data originally appeared on Daily Finance on Thu, 16 Apr 2009 07:40:00 EST. Money.Finance|Finance|Finance

See the original post here:
Stocks higher after JPMorgan’s beat, worse-than-expected housing data