8:40AM: The futures are pointing to a modestly higher open, building on yesterday's late move higher....There's a possibility for increased volatility today as it's the end of the month as firms juggle their holdings....Q1 Productivity was revised slightly to 8.4% from the original 8.6% estimate; this revision was too small to be of any consequence and should not have any market impact.....The yen had its biggest decline against the dollar in two weeks as Japanese govt sold in order to stem a rally that would exporters' earnings.... Also on the economic front, Revised Univ of Mich Consumer Sentiment due at 9:45 ET and Factory Orders and Chicago PMI at 10 ET....Current indications: S&P 500 futures are +3.70, or 4.7 pts above fair value. Nasdaq 100 is +6.50, or 7.5 pts above fair value. Nas 100 PMI +6.85.
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