Housing Starts Increased More Than Expected

Pre-market futures are down this morning. This does not appear to be as a result of any releases ahead of the open, but as sort of a mass realization that markets have climbed historically high over the past few weeks — even the Dow hit an all-time closing high yesterday — and another round of profit-taking seems to be in order. The Dow is down -120 points at this hour, the S&P 500 is -56 points, the Nasdaq is down a significant -300 and the small-cap Russell 2000 is -17. To be clear, we’re not seeing anyth ...