Stocks Recover on Strength in Apple and Airline Stocks

The market’s focus this week will be on corporate earnings results and economic news. On Wednesday, Dec capital goods new orders nondefense ex-aircraft and parts (a proxy for capital spending) are expected to increase by +0.4% m/m. Also, Dec housing starts and building permits will be released. In addition, Jan manufacturing production is expected to climb by +0.4% m/m. Finally, the minutes of the Jan 27-28 FOMC meeting will be released. On Thursday, initial weekly unemployment claims are expected to declin ...