mars 21 2014 | 9:56 AM
From The Trading Floor: Stocks are trading well into the green this morning, poised for a weekly gain ahead of some select index rebalancing and a quad witch expiration that is expected to be large
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- Fitch has raised the U.S.'s outlook to "stable" while affirming the country's AAA rating, citing the suspension of the debt limit last month and strong fiscal consolidation as reasons for the move.
- 29 of 30 Banks passed the most recent stress tests with Zions Bancorp falling a bit short
- Nike's FQ3 earnings beat consensus as the company enjoyed rising sales in China and Western Europe, while it also said orders have soared ahead of this summer's soccer World Cup. Guidance has them trading down this morning.
- The cost of implementing the Volcker Rule could vary from $413M to $4.3B for banks supervised by the Office of the Comptroller of the Currency, an OCC study calculates, as the regulations force banks to sell...