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NEW YORK (CNNMoney) -- U.S. stocks were set to open lower as investors await manufacturing reports and keep an eye on the housing market.
Investors will be closely watching the housing market this week, with reports due on mortgages, new housing starts, building permits and existing home sales will be released over the next few days.
Investors will also be keeping an eye on housing stocks, which rallied last week on the Fed news. Shares of homebuilders Hovnanian (HOV), Pulte Group (PHM), Lennar (LEN)and Toll Brothers (TOL) got a boost from the Fed's announcement last week.
While housing reports are expected to boost markets, manufacturing data may drag them down. Investors will be looking at reports on Empire State manufacturing on Monday and from the Philadelphia Fed on Friday for signs of an improvement in the sector, which has continued to weigh on the economy.
Residual enthusiasm over the announcement of a new round of quantitative easing by the Federal Reserve could also boost shares Monday. U.S. stocks closed last week at multi-year highs, propelled by the Fed's announcement of more stimulus.
Fear & Greed Index
World Markets: European stocks slid in morning trading. Britain's FTSE 100 lost 0.2%, the DAX in Germany shed 0.1% and France's CAC 40 fell 0.4%.
Asian markets ended mixed. The Shanghai Composite dropped 2.1% while the Hang Seng in Hong Kong ticked up 0.1%. Japanese markets were closed for holiday.
Economy: The Empire State Manufacturing Index for September will be released at 8:30 a.m. ET.
Companies: Apple (AAPL, Fortune 500) shares hit another all-time high Friday, two days after the company unveiled the latest edition of its wildly popular iPhone.
Currencies and commodities: The dollar gained against the euro, but fell versus the British pound and the Japanese yen.
Oil for October delivery fell 36 cents to $98.64 a barrel.
Gold futures for December delivery slid $2.60 to $1,770.10 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose slightly, pushing the yield down to 1.86% from 1.87% late Friday. 
First Published: September 17, 2012: 5:39 AM ET
17 Sep, 2012
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Source: http://rss.cnn.com/~r/rss/money_topstories/~3/idhG6k1-hh0/index.html
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