S&P Futures are weakening this morning after a week long rally in equities. Fed Speakers continue their campaign to lower market expectations on the timing of a rate cut. Reports on Existing Home Sales and Consumer Confidence are due out this morning. FedEx is down over 11% after earnings. This afternoon earnings announcements are due out from MU & MLKN. European stocks are mostly higher on positive economic data. Oil is higher as transportation costs are said to be rising.
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