Equities point lower in early trading while treasury yields continue to climb. DR Horton reported a fall in home orders, but the orders they already have are at higher prices. Rackspace Hosting is down over 7% after reporting a 40% decrease net income as they deal with higher costs. Retail earnings kick off with Macy’s on Wednesday and Walmart, Kohl’s, and Nordstrom on Thursday. Macy’s and Kohl’s have projected stagnant revenue growth, while their stock prices are riding the rally wave. Some retailers, including Best Buy and Walmart, will open their stores on Thanksgiving to entice shoppers.
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