After a decent rally over the past two days, equities may have run out of steam.
Futures for the three major indices point downward slightly, with the S&P 500 down 3.25 points to 1095.
Metals across the board are also falling – from gold to palladium.
Oil is slightly down by two cents a barrel to $77.21. Natural gas futures are up 1.8 at $5.533.
Softs are down, save for cotton and lumber, which are up 3.25% and 2.15%, respectively. Aside from corn, all grains and pork belly futures are up currently.
In the earnings and upgrades arena, Walmart (WMT) was upgraded to Buy from Hold at Stifel Nicolaus.
Ryder ®, the rental truck company, saw their Q409 EPS fall by 63% YoY due to reduced performance and sales both domestically and globally.
Finally, Goldman added McDonald’s (MCD) and NASDAQ (NDAQ) to its Conviction Buy list.
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