The Market On Friday

At 8:10 a.m. futures are modestly up, the dollar is down, and oil is up per barrel. Once again the trifecta for a boost at the market's open is in place.

There are three pieces of information affecting the investors' state of mind this morning. First the matter of a messy Greece insolvency issue is clearer, with the EU deciding how to deal with it. Second, the final numbers on the fourth quarter will be out shortly. Finally, data on consumer spending will be out this morning as well. Those three things are anticipated to be stabilizing on the overall sense of the economy from the investors' point of view.

The sense is that the market will make it through the work week with some modest gains.

CNN: Stocks set to gain at the open

...European leaders agreed on an aid package for Greece...


"The economic recovery, while well-entrenched, is still relatively fragile..."

Reuters: Futures rise after Greece deal

The final March reading of the Reuters/University of Michigan Surveys of Consumers will be released at 9:55 a.m. EDT.


...fourth-quarter gross domestic product growth will be released at 8:30 a.m. EDT...