Stock futures were up modestly following news that the Senate and House delivered an agreement on financial regulation. However, futures retreated after the final first quarter GDP report was revised lower.
The Commerce Department said that the real gross domestic product for the first quarter was revised down to a 2.7% rise from the earlier estimate of 3.0%. The market called for an unrevised figure at 3.0%. At 9:55 am ET, the final University of Michigan consumer sentiment reading for June will be released. Economists expect a reading of 75.5.
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