With the Dow Industrials up six-straight sessions, and both DJIA and S&P 500 up 10 of the last 12, it’s reasonable to think bulls could use a breather.
Stock futures point to a flat open, eyeing marginal declines in European markets and word of a well-telegraphed interest-rate hike in China. Nothing notable on the data calendar today, though a trio of Fed presidents are scheduled to share comments on the economy during the afternoon. Disney reports F1Q results after the close.
Crude oil continues to pull back, recently down a buck at $86.48/barrel, despite a weaker dollar. Euro higher, recently at $1.363. S&P futures up less than a point; 10-yr note lower, yield at 3.66%.
February 8, 2011
[...] Market Talk » Blog Archive » Bulls May Be Ready For a Rest newswires-americas.com/markettalk/?p=15111%3Fmod%3Drss_ – view page – cached With the Dow Industrials up six-straight sessions, and both DJIA and S&P 500 up 10 of the last 12, it’s reasonable to think bulls could use a breather. [...]