Dow futures pointed to a modest decline at Wednesday's open as investors digest two breaking stories.
from the year-earlier period as the coronavirus pandemic decimated air travel demand. United expects to reduce its cash burn by nearly 38% to $25 million a day in the third quarter.
On today's economic calendar, the National Association of Realtors is out with existing home sales for June at 10 a.m. ET, with forecasts calling for a 21% surge to an annual rate of 4.73 million units. total home loan application volume last week rose 4.1%. Last week, 30-year fixed-rate mortgages remained around 3%. the largest special purpose acquisition company, or SPAC, in history when it begins trading today. SPACs are also known as a blank check companies. Pershing Square Tontine will raise $4 billion by offering 200 million units at $20.
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