Today's session was highlighted by a risk rally sparked by the Federal Reserve's decision to increase policy accommodations by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The program is open-ended by design, which allows the Federal Reserve to terminate it once the employment picture shows substantial improvement. The S&P 500 was the best performing index and it settled higher by 1.6%.
Today after the close the following companies reported earnings: ALOG
Futures are lower after hours: S&P 500 futures are -2.52 from fair value of 1452.82 and Nasdaq100 futures are -2.09 from fair value of 2823.59.
Tomorrow morning before the open four economic reports are scheduled to be released: 1) Retail Sales (Consensus 0.7%) and Retail Sales ex-auto (Consensus 0.8%), 2) CPI (Consensus 0.6%) and Core CPI (Consensus 0.2%), 3) Industrial Production (Consensus -0.2%), and 4) Capacity Utilization (Consensus 79.2%).
Tomorrow before the open no companies are scheduled to report earnings.






