At 7:40 a.m. E.T. futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
After a turbulent week in the stock market paralleling the week in the news, investors will once again be parsing first quarter corporate results for signs that the corporate economy is excelling. After today's close bellwether Caterpillar will present it's first quarter results. As Caterpillar is all about the global construction business, their results are especially important to gauging how the world economy is moving. In short, it's a very salient report for investors and we will be hearing about it in the news.
CNN: Stocks: More earnings in the mix
Caterpillar, in particular, is considered a bellwether for the global economy...
Japan's Nikkei rose 1.9%...
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