Reply #30: 9:45 EST and it's all good! Wheeeee!

[UpInArms]

Dow 13,062.74 104.30 (0.80%)
Nasdaq 2,615.25 34.45 (1.33%)
S&P 500 1,442.17 13.94 (0.98%)
10-Yr Bond 3.968% 0.024

NYSE Volume 308,991,093.75
Nasdaq Volume 157,155,140.625

09:14 am : S&P futures vs fair value: +9.8. Nasdaq futures vs fair value: +24.0.

09:00 am : S&P futures vs fair value: +11.7. Nasdaq futures vs fair value: +27.5. Early sentiment strengthens as the S&P and Nasdaq futures extend their gains. Crude oil is trading up 0.5% to $94.82 ahead of the government’s weekly energy inventory report.

08:32 am : S&P futures vs fair value: +7.6. Nasdaq futures vs fair value: +22.0. Fed Vice Chairman Donald Kohn helps give futures a boost after he says the fed must be “flexible and pragmatic” in setting policy. Just hitting the wires, October durable orders drop 0.4%, economists expected the reading to slide by 0.1%. Futures reaction is limited to the release.

08:02 am : S&P futures vs fair value: +8.0. Nasdaq futures vs fair value: +19.8. Both the S&P 500 and Nasdaq 100 futures are trading above fair value, suggesting stocks will start the day on a positive note. The strength in futures is notable considering it comes in the face of a warning from Wells Fargo (WFC) that it will take a special fourth quarter provision of $1.4 billion. Following the announcement, Deutsche Bank lowered its price target on shares of Wells Fargo to $32 from $36. Also, Freddie Mac (FRE) said last night that it cut its fourth quarter dividend by 50%, as it had previously warned, and that it is planning to sell $6 billion in preferred stock. On a positive note, comScore reports that online sales this past Monday, known as “Cyber Monday”, rose 21% to a record $733 million.