Ahead of the Bell: Dow futures are trading down 57 points and S&P futures are trading down 7 points. Resource related stocks will be in focus today after mining company BHP Billiton Ltd cautioned that demand for iron ore from China will decline, as the world's second largest economy cools. Investors are waiting for more economic data to gain confidence in the recovery to step back into the equity markets, as traders feel the market is due for a pull back.
Breakfast Bites; With a general lack of economic news, the markets are trading in conservative territory this morning following last week’s run by the major indexes to multi year highs
Apple authorizes a $10 billion share buyback plan and a quarterly dividend of $2.65 a share
United Parcel Service will pay $6.85 billion for Dutch peer TNT Express
Confidence among U.S. homebuilders held in March at the highest level since June 2007
The S&P 500 is up 108% from a 12 year low in March 2009
Ahead of the Bell: Dow futures are trading up 2 points and S&P futures are trading down 2 points after Greece was able to clinch a deal with private bond holders and avoid a messy default. Private creditors will receive new debt for old bonds with a lower face value. Economists though, are not convince Greece can sustain such deep austerity cuts. China reported annual consumer inflation slowed in February to a 20 month low, allowing the government more wiggle room with its monetary policy.