morning Jorjio
looking like long might be the ticket today
NEW YORK (CBS.MW) -- U.S. stocks are looking to break a nasty five-day losing streak Friday that sent the Nasdaq to its lowest close since early November.
March S&P 500 futures rose 2.80 points, or 0.3 percent, but were trading 0.60 point below fair value, according to HL Camp & Co. And Nasdaq futures lifted by 10.00 points, or 0.7 percent and were trading 8.30 points above fair value.
Government bonds again traded lower, with the 10-year Treasury note off 1/32 to yield 4.94 percent while the 30-year government bond erased 9/32 to yield 5.43 percent.
Friday will see the second-tier release of December wholesale trade.
In the currency sector, the dollar added 0.4 percent to 134.23 yen while the euro gained 0.5 percent to 87.42 cents.