26 July 2012

SP 500 and NDX Futures Daily Charts - Facebook, Starbucks, Amazon


Amazon and Starbucks both guided lower on weak earnings reports.

Facebook beat by a penny.

Mario Draghi cheered the markets this morning by pledging that the ECB would do whatever it takes to support the Euro.

Tomorrow the US reports its advance GDP number for the 2Q. According to Briefing.com the consensus of economists is 1.2%. I would not be suprised to see a sub one percent print, and more talk of QE at the next Fed meeting.