Wednesday, March 11, 2009

Market Notes - March 11, 2009

International stock markets and U.S. futures climbed after this year’s biggest rally. The S&P 500 surged more than 6% yesterday following Citigroup’s announcement that it earned a profit in the first two months of 2009. Also adding to the upbeat market tone, AT&T announced plans Tuesday to add approximately 3,000 jobs in 2009.

It will be another light day on the economic front. The February Treasury budget will be released at 2:00 ET and the weekly crude inventories report comes out at 10:30 ET.