There are some high-profile upgrades this morning, and Exxon Mobil and Intel are certainly helping the market. Adobe earnings, the current account number coming almost in line, and the moderation in oil prices will be a positive on the market.
Big positive surprise, especially in the face of the spike in oil prices in August.
This should lead to a positive tone to the start of the market today and to the outlook for industrial earnings.
The drop in oil prices is definitely positive for stocks. It takes some of the pressure off the markets, even if it is only for a short period of time.
This lends a positive tone to tomorrow's opening, as well as crude being down significantly today.