All Eyes Are On the Euro Stress Test Results. They Will Be Released At 12:00 pm EST
After a huge run-up yesterday, the markets are fairly quiet this morning. Earnings came out pretty much as expected and gainers and losers have balanced each other out. The S&P 500 futures are unchanged 20 minutes into trading. Cyclical stocks led the rally yesterday after 3M, UPS and Caterpillar posted solid numbers. The earnings for Monday are fairly light and so is the economic calendar. For now, the market is clearly focused on the European bank "stress test". That news will start to hit the market at 12 o'clock EST. That is when European markets close and traders will have the …
July 23, 2010
• Posted in: Options
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