Stocks Climb Before U.S. Economic Data

Stocks are up slightly this morning as attention turns to economic recovery in the United States.

S&P 500 futures rose by about one-quarter of a percent, but have been losing their gains in the last hour as European indexes retreat. Most Asian markets fell in the overnight session after U.S. stocks closed lower on Monday. Economically sensitive commodities such as oil and copper are higher.

The first economic report comes at 8:30 a.m. ET when the Commerce Department releases the change in durable-goods orders for February. The Case-Shiller Index of Home prices follows at 9 a.m. Consumer confidence and new-home sales are both scheduled for 10 a.m. All four data points beat expectations last month.

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