The Market On Friday

Good morning and welcome to the weekend. It is 33 degrees and sunny here in Upstate NY. It is a gorgeous morning actually, crisp, bright, and good walking weather. The winter-like clothing is still out and being used but the sun is telling a different story. I just know the steady warmth is coming.

At 8:40 a.m. futures are modestly higher, the dollar is down against all major world currencies, and the price of oil is up per barrel. Right now the the market is poised to open higher.

According to CNN - "Consumer spending climbs 0.8% in February, while personal income edges up 0.2%, government says." And that could be just enough to create a bump in the market for today.

Basically the week up to today has revealed a string a poor economic indicators in the world economy. The market has lost some ground with the DOW teetering on dipping below 13,000 as investors expressed concern that the world economy is slowing down.

However, right now Friday is looking good.

CNN: Stocks on track for big quarterly win

The week has been filled with a string of lackluster numbers on durable goods, home prices and the labor market.


New reports are due Friday on consumer spending and income, manufacturing, and consumer confidence.