Note: You are reading this message because your web browser does not support current web standards. While you may still view and utilize our content, your experience on our site would be greatly enhanced if you were to upgrade to a more modern web browser.

< Back :: The Day Ahead

The Day Ahead

Good morning, on this the 61st day of 2005. Pre-market futures are off, trading deep in the low end of yesterday’s relatively narrow range as traders come to grips with a day offering Fed Chairman Alan Greenspan, a potential upside surprise for oil, and profit warnings from a number of tech-oriented1 and S&P 5002 companies.

Its not over ‘till its over – we’ll just have to see if the mood is as sour by day’s end, but in the meantime our sense that all was not right yesterday in TrendVue Trader Talk may be spot on yet.

US Market Calendar

  • 7:00 am: MBA Purchase Applications
  • 10:00 am: Challenger Layoff Report – Feb.
  • 10:00 am: Fed Chairman Greenspan testifies to the House Budget Committee
  • 10:30 am: EIA Weekly Petroleum Status Report

Canadian Market Calendar

  • No scheduled releases

Earnings and the Federal Reserve

For earnings highlights, please see today's WSJ Earnings Calendar.

For a list of upcoming speeches, congressional testimony, Federal Open Market Committee material, and statistical releases, please visit the What's Next page of The Federal Reserve Board website. Recently released Federal Reserve Board material, including market moving FOMC decisions and speeches by members, will be found on their What's New page.

1 Warnings to Weigh on Techs at Opening

2 Profit warnings seen undermining Street

05.03.02 09:22 #