U.S. stocks joined a worldwide rally yesterday, posting their best day in over a year. The source of optimism was a nearly $1 trillion European rescue package aimed at stabilizing the euro and providing aid to the region’s debt burdened countries. Stocks look set to give back some of the strong gains this morning, as futures trade lower.
There are no major economic reports today, but wholesale inventories are due from the Commerce Department after trading begins. Inventories rose 0.6% in February and economists are expecting another rise today.
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