Day Traders Diary
01/25/2012WRAPX S&P futures vs fair value: -2.20. Nasdaq futures vs fair value: +24.80.
Stock futures are mixed this morning as market participants respond to strong earnings from Apple (AAPL 451.90, +31.49) last evening. Yahoo! (YHOO 15.60, -0.09) was also out last evening with its earnings, which matched what had been expected by Wall Street. Widely held Boeing (BA 74.42, -0.94), United Technologies (UTX 77.70, -0.08), and ConocoPhillips (COP 71.62, +1.01) all posted upside earnings surprises this morning... Still in the backdrop are concerns about Greece's ability to establish revised terms with the country's creditors... Also in the mix are comments made last evening during President Obama's State of the Union address. To little surprise, the speech has stirred strong partisan responses that reflect the chasm currently existing in politics... Always a highly anticipated event, the Fed will make its latest monetary policy announcement at 2:00 PM ET. Before that, though, pending home sales numbers will be posted at 10:00 AM ET. Also on today's docket are weekly oil inventory numbers, which are due at 10:30 AM ET. Note: all ticker quotes reflect premarket prices.
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