Investors are closely watching retail sales reports and retailer earnings as they try to gauge just how much rising inflation is impacting business operations and consumer spending.
Target, which reported mostly solid financial results, also saw its margins tighten because of higher merchandise, freight and supply chain costs.
fell 0.7% in October, but a big jump in the number of permits last month points to anticipation by builders that supply chain problems that have dogged them for much of the year will soon ease.