From The Trading Floor: Strong earnings from sector bellwethers have investors optimistic over second quarter earnings season ahead of the Fed meeting and some key economic readings on the economy
Home Prices rose in the 12 months ending May at the slowest pace in more than a year as there has been a lull in the housing market. The CaseShiller index of property values in 20 cities throughout the US. Rose 9.3% from May 2013 after rising 10.8% the previous period.
Consumer Confidence for the month of July came in at 90.9 vs. 85.4 expected
Pfizer reported higher-than-expected second-quarter earnings, helped by growing sales of its cancer medicines.
Merck reported better-than-expected quarterly results, with sales of newer drugs mostly offsetting declining sales of drugs facing generic competition.
Argentina has sent a delegation to meet with court-appointed mediator Daniel Pollack in NY for last-minute talks to avert the country's second default in the last twelve years
The U.S. and EU may place tougher sanctions on Russia as soon as today - aimed at the finance, defense and energy sectors of the country's economy.
Resistance today is at 1984 / 1987 with support at 1970 / 1973.
