The Market On Friday

Good morning. It is snowing and hovering around 30 degrees here in Upstate NY. It is a heavy type of snow, sticky and more on the wet side. Walking was a little harder this morning, the snow was clumping. Winter has a few more weeks with us.

At 8:30 a.m. futures are moderately up, the dollar is mixed, and oil is up but stabilizing around $97.

The investment journalists are writing about a more stable type of day. The final reading on the fourth quarter GDP comes out this morning. More consumer sentiment data also comes forward.

If I were a betting type of person right now I would be leaning toward a day of gains. However the last three days have been jumpy with the market over that period losing almost 3%. This might not be the beginning of that long expected 10 to 15% correction just yet.

CNN: Stocks set for higher open after 3-day rout

Wall Street will get a second reading on U.S. fourth-quarter gross domestic product Friday morning.


A final read on February's University of Michigan consumer sentiment survey also is on the docket.


Oil for April delivery gained 50 cents, or 0.5%, to $97.77 a barrel.