US Futures are Higher on Earning Data

US Futures are higher on earnings data.  The Dow futures soared after Boeing reported a better-than expected quarter.  January ADP was stronger than expected, showing a gain of 234k jobs.  The employment cost index was in-line with forecasts showing a quarter-over-quarter gain of 0.6%.  At 9:45am, the market will get a look at manufacturing in Chicago.  Later this morning, pending home sales from December and the EIA petroleum report will be released.  Lastly, at 2pm, we will get the latest FOMC policy decision, with expectations of no change in Janet Yellen’s final meeting as Fed chair.  European shares are mostly higher after eurozone inflation remained tame in January.  Asian shares closed mixed after China’s PMI came in slightly below expectations at 51.3 in January.  

US Futures Move Lower After Data
US Futures are Lower Ahead of Janet Yellen's Final...

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