The Market On Wednesday

Good morning. It is 42 degrees and getting cloudy here in Upstate NY. The unseasonably high temperatures of the past two weeks have caused lots of blooming usually seen only in April to occur. That's good except the very cold dip we had into the 20s yesterday caused the beautiful magnolia blooms to turn brown. It's sad to see. Magnolias are just outstanding in the Spring, oh well. The forsythia is still holding its ground, so the yellow is everywhere.

At 8:25 a.m. futures are slightly higher, the dollar is mostly down against major world currencies, and the price of oil is down per barrel. One might guess that the market will open slightly choppy.

The investment articles are suggesting that not a lot of outstanding data is coming through today. Investors will be parsing numbers on durable goods production.

On days like today when no compelling story or number seems to be pushing the indexes, the ameliorating factors arise as the day progresses. So look for a surprise.

CNN: Stocks: Turnaround in store?

The government releases its monthly report on durable goods orders before the opening bell.


At 10 a.m. ET, Treasury Secretary Timothy Geithner is scheduled to testify before a House Appropriations subcommittee on the Treasury budget.


The price of an average gallon of regular gas surpassed the $3.90 mark Wednesday...


Annie's Inc., the organic food maker known for its macaroni & cheese, is expected to begin trading under the ticker BNNY...