Stocks are starting the week flat this morning as investors take a break following last week’s big gains. The big news came from Apple today as they announced a quarterly dividend and a share buyback program.
Not a lot of economic data points for investors to look to today. Home builder sentiment came out a few minutes ago and was unchanged in March at 28. This is the highest level since June 2007. Many analysts are looking for the housing industry to follow the rest of the economy and start recovering. The housing industry took the biggest hit during the recession in 2008 and still has a long road to recovery.
A quick look at the major stock indexes show the Dow down 6 points, the Nasdaq up 2 points and the S&P 500 is up 1 point. [Read more...]