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Stock Futures Suggest Mini-Rally to End

Stock futures fell today on Wall Street, suggesting the three-day rally is coming to an end. Investors appear to be erring on the side of caution with next week marking the beginning of the “earnings season” which will be kicked off Monday when Alcoa Inc. delivers its earnings report. JPMorgan Chase & Co., Bank of America Corp., General Electric Co., Intel Corp. are also scheduled to report earnings next week.

Source: Associated Press

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%