The Market On Wednesday

At 6:50 a.m. futures are moderately down.

The investment world is in a shaky period. The world economy is sputtering in the shadow of the worst recession. Its difficult to get a grasp of what exactly is going on since there are so many divergent opinions.

With July, we will soon be getting corporate reports for the second quarter. The tale of the tape will provide the type of clarity that investors are seeking.

CNN: Stocks set for shaky start

A report from the American Bankers Association showed that fewer consumers are behind on their debt payments when compared to a year ago.


The dollar was up against the euro and the British pound, but down versus the Japanese yen.


U.S. light crude oil for August delivery edged up 5 cents to $72.03 a barrel.

Reuters: Stock futures signal dip along with world stocks

...investors worried global growth was faltering...


Treasury Secretary Timothy Geithner said on Tuesday he was confident the U.S. economy would continue to grow as it repairs damage from the financial crisis, but added that recoveries were "never even, never steady."