Great news…. seems like interest rates may remain low until December!!
Don’t miss out on this perfect time to refinance or buy a new home!
NEW YORK ( TheStreet) -- Stocks opened mixed overseas this morning as investors and traders digested Friday's lackluster U.S. economic reports, but shares managed to stage a turnaround and were recently trading higher. There's a growing consensus that a Fed interest-rate hike has been pushed out until December -- from current thinking of September, which had been pushed back from June -- due to the latest economic reports' sluggishness.
The tenor of U.S. economic data and recent consumer-spending trends are even more in focus this week as some major retail names report earnings. Due out are numbers from Home Depot (HD), Lowe's (LOW), Wal-Mart (WMT), Target (TGT),Urban Outfitters (URBN), Best Buy (BBY), Gap (GPS), Dollar Tree (DLTR) andFoot Locker (FL).
Elsewhere in markets, oil is trading higher and the dollar is gaining ground. The turmoil in Greece also continues this morning, with Greek bond yields jumping higher as investors rid themselves of the debt. There's growing concern that Greece will be unable to meet a debt payment due on June 5 to the International Monetary Fund.