S&P 500 futures vs fair value: -2.80 at 1186.20. The strength of U.S. dollar is pressuring both commodities and stocks before the opening bell. Crude oil futures is currently priced at $86.06, down $0.71 a barrel. Meanwhile gold has pulled up from red territory priced at $1,1135.50 an ounce.
The 10 year treasury yield is now at 3.95% after going over 4% yesterday.
Meanwhile, S&P 500 futures managed to pull up from its early lows, though it is still trading with moderate losses. There is not an important news to speak of today except the weekly oil and gasoline data that will be released at 10.30am.
Wednesday, April 7, 2010
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