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Another Quiet Down Day?

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Hang Seng (Hong Kong): -2.37%

Australia: -0.76%

Nikkei 225 (Japan): +0.26%

Europe at mid-day:

FTSE 100 (UK): +1.11% at 1:27 PM

DAX (Germany): +2.18% at 2:27 PM

CAC 40 (France): +1.35% at 2:43 PM

SPY after hours: -0.5% at 8:44 AM At 97.36.

QQQQ after hours: +0.3% at 8:44 AM up in honor of Microsoft and Yahoo search deal.

Economic Indicators: Durable Goods orders dropped 2.5% in June, it was expected to drop 0.6%. A negative surprise. But taking out cars, the durable goods orders rose 1.1% when it was expected to be flat, a positive surprise. Crude oil inventories and the Federal Reserve Beige Book on business activity is coming out later.

Before the market opens: Sprint Nextel (S) wireless phone service provider, General Dynamics (GD) defense contractor, Watson Pharmaceuticals (WPI) makes generic and brand drugs, announce earnings.

During the day: Praxair (PX) seller of industrial gasses, discusses earnings.

After the market close: Symantec (SYMC) PC security, Teradyne (TER) semiconductor test equipment maker, Express Scripts (ESRX) pharmacy benefit management company, announce earnings.

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Posted in Sentiment, Uncategorized.

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