Flat opening and a slow uptrend. Volume was dismal.

S&P 500 Index 5min Chart

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S&P 500 SPDRs 5min Chart

Results at consumer giants Home Depot Inc (HD), Target Corp (TGT) and upscale department store operator Saks Inc (SKS) were helped by cost-cutting as revenue growth remained slack.

The earnings reports offset an unexpected drop in housing starts and permits in July.

S&P 500 Index Daily Chart

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