17 March 2015
SP 500 and NDX Futures Daily Charts - A Swing and a Miss
The economic news continued to come in weak this morning.
West Texas Intermediate settled at a six year low today.
Stocks were slumping most of the day, with techs managing a little green ahead of Oracle and Adobe after the bell.
Speaking of Oracle, they were in line for earnings per share and missed revenues. They did increase their dividend. And the stock was up slightly after hours.
As for Adobe, they beat both earnings and revenue numbers, and were trading lower after hours because of higher expectations.
The hope for Adobe and Oracle is 'the cloud' and subscription based models. And other echo bubble like metrics.
Is the US economy exceptional? Are Americans better than everyone else?
All eyes on the Fed verbage tomorrow.
Have a pleasant evening.
Posted by Jesse at 4:14 PM