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Stocks Headed Higher After Yesterday’s Rally

US stock markets are poised to open higher today following yesterday’s rally. Dow Jones futures were higher, up 31 to 10,389 and Standard & Poor’s 500 index futures rose 3.20 to 1,092.30 following upbeat earnings news from retail giants Wal-Mart and Home Depot.

In overseas trading, Japan’s Nikkei 225 index closed up 0.9 percent, while in Europe, London’s FT-SE 100 index fell 0.7 percent. Germany’s DAX index fell 0.1 percent, while the CAC-40 index in Paris fell 0.2 percent.

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%