Stock futures supported by upbeat economic data

Stock futures trade near their best levels of the morning after better than expected data on April durable goods orders and March Case-Shiller home price data; S&P and Dow +0.4%, Nasdaq +0.5%.

European shares continue higher after yesterday's strong showing following the weekend presidential vote in Ukraine; Asian equities ended mostly lower after the latest flare-up of tensions in the South China Sea.

Treasurys are off to a tepid start after the long weekend, as the 10-year note is up one tick with its yield at 2.53%; precious metal prices are sharply lower, with gold and silver down 1% and 1.3%, respectively.

Still ahead: consumer confidence, Richmond Fed, Dallas Fed.

Comments (1)
  • Patent News
    , contributor
    Comments (1475) | Send Message
    nice a short squeeze is bound to occur as shorts cover on misplaced bets...
    27 May 2014, 09:37 AM Reply Like
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