Futures vs FV: SP -1.12; DJ +4.76; NASDAQ +6.87
Futures are basically on pause after Dow 22K. But of course, DJ30 was the only indices other than NASD 100 moving upside with any kind of substance. Everything else was stagnant at best. This morning, more stagnation though some earnings have NASDAQ bumping higher.
Earnings beats: TTWO; DATA; YUM; AET; RGEN; TSLA; FIT; SQ; CAKE; MET
Misses: CMI (BL); PFE (TL); DISH (TL, BL); TEVA (TL, BL)
BOE: Keeps rates steady, pound tanks
Manufacturing: Ahead of US ISM
Germany: 58.1 versus 58.3
France: 54.9 vs 55.4
UK: 55.1 vs 54.2
India: 47.9 vs 50.9
S. Korea: 49.1 vs 50.1
Challenger jobs cuts: -37.6% vs -19.3%.
Russia: Says sanctions are a 'full scale' trade war.
OTHER MARKETS
Bonds: 2.248% vs 2.266% 10 year. Bonds rallying modestly
EUR/USD: 1.1851. Euro continues rising.
USD/JPY: 110.48
Oil: 49.89, +0.30. Dollar lower, oil higher.
Gold: 1272.60, -5.80
Futures are well off morning lows, trending higher thru the morning until the last half hour, now backsliding a bit. Never really that strong as some stocks look solid on earnings but the majority of the market still looks sluggish, including semiconductors.
ISM, Construction spending still to come.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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