Tuesday, July 23rd, 2024 Pre-market futures are sinking into the red an hour ahead of today's opening bell. All major indices have so far this morning spent at least some time above a zero balance, but they are falling pretty steeply at this hour. Apparently, the markets are in a mood to give back some of the gains they earned just yesterday. The Dow is off -24 points, the S&P 500 is -9, the Nasdaq has so far shed -51 points and the small-cap Russell 2000 is -10 points lower. None of this has to do with any pre-market economic reports. That's because there aren't any ahead of today's open. At 10am ET, we look forward to Existing Home Sales for June, which are expected to dip below 4 million seasonally adjusted, annualized units for the first time since January, and at 3.95 million units anticipated is the lowest total since December of last year. ...