Stock Futures Steady as Investors Look to Bernanke. Stocks to Watch: VVUS, SODA, CEDC, FSLR, AAPL, CERS, LIZ

Stock FuturesFutures are flat this morning as investors digest the results of European LTRO. Investors are also waiting for Bernanke’s testimony in front of the House Financial Services Committee. Dow futures are currently up 6 points to 13,003. Nasdaq 100 futures are up 2.25 points to 2,634. The S&P 500 futures are rounding out the flat trading, up .75 to 1,372.25.

Markets are choppy across the board today as everyone tries to understand just what the LTRO means for the broader economy. The ECB allotted 529 billion euros, which exceeded some expectations. The news that Ireland was planning on holding a referendum on the EU fiscal pact was also keeping the EU markets in check. The banking-heavy Stoxx 600 Europe it currently up .33%

Domestically, the Dow breaking the psychological barrier of 13k for the first time since 2008 is expected to be big news. Some analysts believe that it could accelerate the bull market as retail investors see the break and start to pile in. The also expect Bernanke’s testimony, GDP and PMI to bolster trading. The PMI numbers are slated for release at 9:45am EST. [Read more...]

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