Busy Day for Data, Earnings
Equity futures are retaining gains after yesterday’s 1.75% climb. The day ahead is full of new economic data and sentiment is generally higher as earnings statements for the third quarter have been beating forecasts. Most recently, Goldman Sachs reported earnings per share of $5.25 in Q3, a full dollar more than estimates.
Ninety minutes before the bell, the S&P 500 is up 1.75 points to 1,089.50, while WTI crude oil is up ten cents to $75.28 per barrel, and spot gold is down $11.60 to $1050.80.
In addition to data, investors are waiting for earnings from Citigroup this morning, and after the closing bell markets will hear from IBM. The Dow closed about 10,000 for the first time in a year yesterday, so it will certainly be a big day for markets.
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