US Mar Richmond Fed Manufacturing Index falls to 3 vs 6 (Feb)

The US Stock market experienced edged higher Tuesday, attempting to pare the losses of yesterday’s risk-off movement, induced by Cyprus. In the United States, the S&P/Case-Shiller Home Prices Indices (YoY) came in at +8.1% in January, against a projected +7.9%. Earlier, Durable Good Orders were reported at +5.7% in the month of February, beating expectations of +3.8%. In addition, Durable Goods Orders ex-Transportation have contracted -0.5% in February, against estimates of +0.5% growth.