Stocks are pointing higher this morning thanks to a string of earnings beats. Wall Street is trying to snap a 2-session losing streak and close out the week on a positive note. The economic data calendar is light today, so earnings season is running the show domestically. Dow futures are currently up 79 points. Nasdaq and S&P 500 futures are adding 14 and 7 points respectively.
Outside of earnings, the IMF is slated for meetings throughout the weekend on ways to combat crises that could impact global growth. So far they have secured $320 Billion in pledges for their fight.
Meetings between the G-8 and G-20 could have market moving headlines at any point this weekend. The concern is once again Europe and their ongoing saga with the sovereign debt crisis that goes from country to country. [Read more...]
