Futures, commodities pointing higher
Evan McDaniel | email@example.com
The S&P 500 June futures are up 5.25 points to 1368 at the time of this writing. The Nasdaq 100 June contracts are higher by 10.25 points to 2660.50 following Texas Instruments' positive second-quarter results after yesterday's close.
Germany's DAX 40 is up 1.45 percent and leading the European exchanges higher. The euro has recovered much of yesterday's losses and is up 0.25 percent to 1.3179, its highest level against the dollar since early yesterday morning.
Asian exchanges were mixed, with Hong Kong's Hang Seng index bouncing back 0.26 percent after four days of losses. Its strength is possibly the result of a technical rebound and strong commodity trading this morning that has lifted copper 1.06 percent.
Crude oil is slightly higher by 0.31 percent to 103.41, with a 103.50 resistance level and 103 support coming into play ahead of the cash open. Silver futures are up 1.41 percent to 30.95, heading toward a 31 level that could bring in more buyers as the metal regains much of the ground lost yesterday.
U.S. traders and investors are looking toward today's reports on new home sales and consumer confidence at 10 a.m. ET for further guidance. (See related story)
In company-specific news, shares of AT&T are higher by 1 percent after the company reported higher-than-expected quarterly profits this morning. Netflix is down 15 percent after posting a loss after the close yesterday.