Futures are trimming some of their losses today as the market is looking like it is heading for a slight pullback after a major rally most of the week. Earnings news out the the major banks like JPMorgan and Wells Fargo is helping the market recover. The slip in the major indices this morning was due to Chinese GDP data that showed the country was not growing as fast as expected. 8.1% vs 8.3% was the number that came in overnight.
Yesterday saw the Dow have one of its best days of the year thanks to earnings news. The Dow closed up 181, the Nasdaq 39 and the S&P added 19. [Read more...]