Pre-market Trading

S&P 500 futures vs fair value: -5.50 at 1093.01. The retail giant Walmart posted a better-than-expected third quarter results. The consensus was $3.58 per share where Walmart posted a $3.61 per share. Walmart shares are currently trading slightly lower at the stock exchange at $52.90, down 7 cents. Meanwhile, MBA purchase application data surprisingly, for the first week of November, came much worse than expected, down 11.7%. U.S. dollar is making a comeback today pushing the commodities and the stock futures into negative territory. Crude oil and Gold is pulling back, down $0.74 at$78.54 a barrel, down $1.20 at $1112.80 an ounce respectively. S&P 500 came to a halt before the market bell, after surging almost 7% in the past 8 trading days.

Meanwhile, in Europe, the industrial production for the third quarter rose 0.3%, quite smaller than the consensus. European bourses are getting ready for a big day tomorrow where France, Germany and Italy are posting their GDP's for the quarter.