The action today could be as tame as yesterday. S&P futures suggest an up open of a point or two on little news.
European stocks are up about one-half of one percent on continued talk that yes, the European Central Bank will eventually take actions to help curtail the debt crisis in Europe. The Spanish 10-year note yield has dropped to 6.21% this morning, down from approximately 7.5% a month ago. The crisis is easing a bit even without direct action.
The markets are also awaiting the full minutes of the Fed's policy committee meeting of August 1, which will be released tomorrow afternoon.
The Best Buy soap opera has been complicated by a lousy earnings report. The stock is down another 9% pre-market.
There are no economic releases today.
Apple stock, which has returned as an overall market focus, is indicated up another $5 at $670 a share. It provides something interesting to talk about to ease the summer doldrums.
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