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Futures flat amid torrent of earnings; GDP on tap

Jul. 30, 2015 7:14 AM ETQQQ, SPY, DIA, IVV, RSP, QQEW, PSQ, SH, DOG, QLD, SSO, DDM, DXD, QID, SDS, QQXT, EPS, RWL-OLD, SPXL, UPRO, BXUB, BXUC, TQQQ, SQQQ, UDOW, SDOW, VOO, SFLA-OLD, QQQE, SPLX, SPUU, OTPIX, RYARX, UDPIX, VFINX, SPXUBy: Stephen Alpher, SA News Editor4 Comments
  • Among the movers after reporting last night are Facebook -2% and Whole Foods -14%. Procter & Gamble is marginally lower after releasing its results a few minutes ago.
  • Q2 GDP set for release at 8:30 ET is expected to show growth of 2.8% after Q1's contraction. The FOMC yesterday all but promised a rate hike soon if incoming data fit the narrative of continuing economic recovery.
  • U.S. stock index futures are volatile, but flat at the moment.
  • Shanghai couldn't hold early gains overnight and fell 2.2%, and Europe is moderately in the green.
  • The 10-year Treasury yield is up one basis point at 2.30%, gold is down $7 per ounce, and oil is up $0.47 per barrel to $49.26.
  • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, UDPIX, OTPIX, RYARX

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