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The Morning Look

ByGary Kaltbaum

Market Update:

Stock futures are a little higher ahead of Friday’s open as the Street digests the latest round of mixed earnings data. The latest reading on GDP is slated to be released at 8:30am EST.

Gary’s Thoughts: S&P flat…NDX down because Amazon down $45 from yesterday’s close. Google up $8 from yesterday’s close. Bond market remains a problem as long rates head higher…killing interest-rate sensitive stuff. Have you seen a chart of real eastate? (IYR)

Economic Calendar:

  • GDP 8:30 AM ET
  • Employment Cost Index 8:30 AM ET
  • Consumer Sentiment 10:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET

Highlights:

  • Amazon (AMZN) gapped down after missing numbers
    Gary’s Thoughts:  Expenses!
  • Apple unveils new MacBook Pro with Touch Bar, starting at $1,799 & New TV APP
    Gary’s Thoughts: Whoopie!