Markets Await Existing Home Sales Data

Market Overview - The S&P 500 reached a new all-time closing high, while the Nasdaq has led major indexes over the past week but lags over the past month [1] - Currently, major indexes are experiencing declines, with the Dow down by 118 points, S&P down by 10 points, Nasdaq down by 31 points, and Russell 2000 down by 5 points [2] Q4 Earnings Results - American Express (AXP) reported Q4 earnings of $3.04 per share, beating expectations by a penny, with revenues of$17.18 billion, slightly above consensus [3] - Verizon (VZ) also exceeded Q4 earnings expectations with $1.10 per share, and revenues of$35.68 billion, which was 0.79% above consensus [4] Economic Indicators - S&P flash Services PMI for January is expected to be 56.5, indicating growth but slightly below the previous month's 56.8 [5] - Existing Home Sales for December are projected to increase to 4.2 million from 4.15 million, indicating resilience in the housing market despite high mortgage rates [6] - Consumer Sentiment for January is expected to remain flat at 73.2, still below last year's April highs but showing potential for improvement due to recent market optimism [7]