What’s in Today’s Report:
- The Case for Healthcare
Stock futures are flat as yesterday’s melt-up rally to new all-time closing highs in the U.S. is digested while overseas markets were mixed amid underwhelming economic data.
The German Ifo Survey for April missed on both the Economic Sentiment and Current Conditions components but slightly beat on Business Expectations. On balance the report validates ongoing concerns about the EU economy.
There are no economic reports due out in the U.S. today and no Fed officials are scheduled to speak which will leave investors focused on the busy earnings calendar this week.
Notable earnings releases today include: BA ($3.11), CAT ($2.84) and T ($0.85) before the open, and FB ($1.65), MSFT ($1.00), PYPL ($0.67) and V ($1.24) after the close.