The markets opened on a positive note today with some hopeful signs of recovery from the housing sector.
The S&P Case Shiller's composite index of 20 metropolitan areas showed a 0.9 percent rise in home prices in December, which was better than economists' expectations.
Meanwhile, the Commerce Department is reporting a spike in new home sales, up 15.6 percent in January on a seasonally adjusted annual rate of 437,000, also beating expectations.
Also on the economic front, consumer confidence jumped more than expected, rising to 69.6 in February, according to the Conference Board.
JPMorgan Chase (NYSE:JPM) announced plans to cut about 4,000 jobs in 2013, which represents about 1.5 percent of the company's workforce. The firm has been struggling to recover from the "London Whale" trading scandal and is working to cut overall expenses by $1 billion this year.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings from Dollar Tree (NASDAQ:DLTR).
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