At 8:00 a.m. futures are modestly up, the dollar is down, and oil is up over a dollar per barrel. The trifecta is in.
Investors are pointing to an interest rate hike by the Bank Of China as the reason for Tuesday's meltdown. Today, it turns out that its not so bad after all. For the opening bell, the market is poised to turn on a dime again and now open higher.
How the indexes perform during the day will largely be a matter of how third quarter numbers look. So far they have looked fair to good with a few noticeable exceptions.
CNN: Stocks set to rebound
Earnings are on tap from several companies, including Morgan Stanley, Wells Fargo and Dow component Boeing.
The Federal Reserve is due to release its Beige Book of economic conditions at 2 p.m. ET.
Oil prices for November delivery increased $1.03 to $80.52 a barrel.
3 comments:
I'm happy I bought a used Prius. Just drove it 1400 miles on a whirlwind 6 day tour of NC, Va. and DC. It's a great road car
Nice, it could be in our future too.
It averaged about 45 mpg road and city on this trip and we did a lot of 70 mph driving in the south were the Interstates are now 70 mph speed limits , plus we did a fair amount of driving in hilly areas as well so I was pleased at the fuel data overall. Handling in heavy rain was excellent and they're a joy in the city as well. Best part is how often you DON'T have to visit the gas station.
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