At 8:30a.m., the government will release second quarter GDP figures. Economists expect the data to reveal that the economy shrank during this period, but not at a rate as large as the first period. So this is perceived to be the good news with the bad.
More corporate results also come forward today. Futures are significantly up, but the last week has shown that the DOW can make 100 point shifts up or down, very quickly.
Reuters: Futures edge up before GDP data, but Disney off
The government will release second-quarter gross domestic product figures, a measure of all goods and services produced within the U.S. borders, at 8:30 a.m. EDT.
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