Market Multiple Table Chart (Key Support and Resistance Levels to Watch)

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What’s in Today’s Report:

  • Market Multiple Table Chart (Key Support and Resistance Levels to Watch)

Futures are modestly lower on rising geopolitical tensions.

Numerous reports overnight stated a U.S. attack on Iran could occur as early as this weekend, which boosted oil prices and weighed modestly on futures.

Today will be a busy day of economic data and earnings, in addition to watching any geopolitical headlines on Iran.

Economically,  the key reports today are (in order of importance) Jobless Claims (E: 225K), Philly Fed (E: 7.7) and Pending Home Sales (E: 2.5%).  We also get numerous Fed speakers including Bostic (8:20 a.m. ET), Bowman (8:30 a.m. ET), Kashkari (9:00 a.m. ET) and Goolsbee (10:30 a.m. & 2:30 p.m.  ET).

Finally, on the earnings front, the two key reports today are: DE ($1.92), and WMT ($0.73) and the stronger the results, the better for stocks.

 

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