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Hoping Wall Street stays positive...Housing report due

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Posted: Feb 19, 2013 4:32 AM

Updated: Feb 19, 2013 4:32 AM

NEW YORK (AP) Investors are hoping the S&P 500 will continue its positive trend during this shortened trading week. The index posted its seventh straight week of gains ahead of the long weekend. On Friday, the Dow Jones industrial average edged up 8 points to 13,981, while the Standard & Poor's 500 edged down a point to 1,519. The Nasdaq composite lost 6 points. After a holiday off, Wall Street looks to be heading for a higher opening today.

BANGKOK (AP) International stock markets were muted today with Asian shares slightly lower after investors drew profits from recent rallies. European markets opened higher a day after the German central bank said the country will likely avoid recession. Benchmark oil was down, staying below $96 per barrel. The dollar gained against the euro and fell against the yen.

WASHINGTON (AP) Housing is the focus of today's lone economic report. The National Association of Home Builders will release its housing market index for February this morning. Computer giant Dell will report quarterly financial results today as will a major hospitality company, Marriott International.

SAN FRANCISCO (AP) Microsoft is about to escalate the battle for your email business. A $30 million barrage begins today on rival services from Google, Yahoo, AOL and a long list of Internet service providers. Email remains a key battleground, even at a time when more people are texting each other on phones. The recurring email habit provides Internet companies a way to keep people coming back to websites.

BEIJING (AP) There are detailed accusations today pointing to a Chinese military unit in Shanghai as the source of massive computer hacking of U.S. targets. The 60-page report from Internet security company Mandiant says it traced 141 major hacking attempts to the building. China calls the accusation "groundless" and dismisses the report as "rough material."

Topics: Morning BusinessMinute

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