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Earnings and Prospects

Hang Seng (Hong Kong): -2.56%

Australia: -1.65%

Nikkei 225 (Japan): -2.55%

Asia down quite a bit.

FTSE 100 (UK): +0.11% at 10 AM

DAX (Germany): +0.14% at 11 AM

CAC 40 (France): -0.11% at 11 AM

Europe flat from a down open.

S&P 500 (Globex): -0.7%

Nasdaq (Globex): -0.14%

Economic Indicators: Treasury budget for June at 2 PM EST. May deficit was $33.5 B, June is expected to be -77.5B.

CSX Corp (CSX), a railroad, Fastenal (FAST), maker of screws and other construction suppleis, and Novellus, a semiconductor manufacturer, announce earnings. So we get indications of the future from three directions today.

Europe is a stronger indicator of our open, so it might be flat to up at the open.

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