The Market On Friday

Good morning and welcome to the weekend. It is 65 degrees, cloudy, and with a thunderstorm logo here in Upstate NY. The weather pattern of rain is stuck over this area. This is the trend for this year, a week or two in a row of rain. We would like to see some sun but that's not happening for a few days more. Things are very green around here and the plants are thriving, bushes are getting overgrown. Everybody's lawn is deep green, not a speck of brown crab grass. We are deep in green.

At 8:00 a.m. futures are slightly up, the dollar is mixed, and oil is up.

On Thursday the market was steeply down all day long then almost completely recovered in the last hour of trading. News of a Greece bailout came through. Investors were happy to see that the E.U. along with the IMF put together another promise of rescue funds for Greece. That issue is still not going away yet.

At 8:30 a.m. we will get the final reading on the first quarter GDP. There are a host of ifs and what ifs for today but at this very moment the market is primed to open slightly higher and as we know that could change any second.

CNN: Investors pause after Greek aid cheer

The European Union pledged to extend aid to Greece, as long as the country introduces another round of tax hikes and spending hikes -- in an effort to help the debt-stricken country avoid a default.


The Commerce Department will release its final reading on first-quarter gross domestic product at 8:30 a.m. ET, as well as May durable goods orders.


Oil for August delivery gained 23 cents to $91.25 a barrel.