Friday, July 23, 2010

Market Notes - July 23, 2010

U.S. stocks looked set to extend yesterday’s rally, as futures got another boost from upbeat earnings reports. Microsoft, American Express, and Ford all reported earnings that beat expectations. More importantly, their results showed that businesses and consumers have increased their spending.

There are no economic reports scheduled for today. Today’s’ focus will be on earnings reports and the results of the European Union’s bank stress tests, which are due at noon.