At 8:50 a.m. ET futures are moderately higher and the price of oil per barrel is up. The market is poised to open higher.
As far as I can tell two major events will weigh on the market today. First will be a Fed announcement on base interest rates this afternoon - and when the Fed talks the world investment community listens. The second is the ongoing collapse of Greece's economy as that country may even face expulsion from the E.U. Thursday will be a telling day.
CNN: Stocks: 5 things to know before the open
The Federal Reserve is in the spotlight again. It will announce its interest rate decision at 2 p.m. ET, followed by a news conference with Fed Chair Janet Yellen at 2.30 pm.