Monday Memo: Markets’ Holiday Closure, Walmart Earnings, Housing Data

U.S. stock and bond markets are closed for the Presidents Day holiday.

TUESDAY: The National Association of Home Builders releases its housing market index for February. … The world’s biggest retailer, Walmart, reports its fourth-quarter financial results. The report might give some clues about the strength of consumer spending — of concern recently.

WEDNESDAY: The Federal Reserve releases minutes from its January interest-rate meeting. Investors are interested in the deliberations because that’s when the Fed made a subtle but significant shift in its economic outlook.

THURSDAY: The Commerce Department reports on durable goods for December. … The National Association of Realtors releases existing-home sales data for January.

This article provided by NewsEdge.