Wall Street opens mixed ahead of homebuilder sentiment data

The market will get another clue on the state of the economy at 10 a.m. ET (1400 GMT) when the National Association of Homebuilders releases its monthly homebuilder confidence index. If the index does not rise, as expected, stocks could rally, said Adam Sarhan, chief executive of Sarhan Capital in New York. The U.S. economy is struggling to rebound strongly enough for the Federal Reserve to raise interest rates before September, analysts have said. The Federal Reserve could look at a rate hike i