08:33 ET S&P futures vs fair value: +4.8. Nasdaq futures vs fair value: +9.5. Futures trade strengthens on the heels of the 6% rise in May Housing Starts and the slight increase in May core CPI that has helped dispel fears about deflation... As such, the indices are set for a moderately higher open, aided by further dollar strengthening and PFE's raised FY04 (Dec) guidance.
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