Wednesday, July 22, 2009

The Market On Wednesday

Just after 7am futures are significantly down and the price of crude is down.

Bernanke will be testifying before Congress again this morning about the state of the US economy. This along with a slew of quarterly reports from companies like Morgan Stanley, Boeing, Qualcomm, Altria and Wells Fargo may or may not change the likelihood of a drop in the market.

Reuters: Futures point lower ahead of earnings
Apple Inc posted on Tuesday quarterly profits that beat forecasts...

Crude futures fell more than 1 percent to less than $65 per barrel...

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