Friday, February 13, 2009

Market Notes - February 13, 2009

U.S. stock futures were mixed before the open as the passage of the economic stimulus package looked imminent. The Senate and House are scheduled to vote on the $789 billion economic stimulus bill today, while investors attempt to digest the details.

In other news PepsiCo, the world’s second largest beverage maker behind Coca-Cola, reported in-line earnings and revenue for its fourth quarter. On the economic front, the only announcement today will be the preliminary University of Michigan Consumer Sentiment Index for February.