US markets look set to try for a third day of gains with a higher open today as investors remain encouraged by the accommodative stance of the Fed in the face of a mixed economic climate and weak retailer earnings. Futures suggest the S&P500 will open 1 point higher at 1,893 with the Dow Jones expected to open 13 points higher at 16,556. Homebuilders were some of the best performers yesterday after existing home sales rose in April. Traders will be looking towards the new home sales today to reinforce signs of a rebound in the stalling US housing market. A strong housing market has been missing from the US recovery of late, if a housing recovery does emerge, the resulting wealth effect could boost consumer sentiment and spending while also encouraging business investment around construction., the “ of China” had a successful first day’s trading amongst a positive session for growth and momentum sectors. The next test for the company will be how well it survives in a day that sees a tech sell-off. Gap produced a first quarter profit above expectations after the close last night and is set to open higher by close to 1%. Aeropostale was smashed in afterhours trading after reporting a bigger than expected loss and guided lower for the second half of the year. Foot Locker is expected to report first quarter earnings at $1.06 per share on revenue of $263.69m