Indices opened mixed this morning. Looks like the market is pausing after yesterdays rise. Gainers this morning Include ZION, CLF, RF, LSI and BAC while losers include STI, MET, C, FITB and PRU. Crude and oil are both down with gold off more than -2%.
Euro stocks are up while Asian markets closed mostly higher.
The dollar lost against the euro, and British pound, but rose versus the Japanese yen.
Oil for April delivery lost 18 cents to $106.53 a barrel.
Gold futures for April delivery dropped $36.60 to $1,657.60 an ounce.
The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 2.19% from 2.11% late Tuesday.
Earnings reports (confirmed releases): YOKU-Youku (earnings consensus -$0.05), GES-Guess? (1.04), VRA-Vera Bradley (0.47), OILT-Oiltanking Partners LP (0.32), RNF-Rentech Nitrogen Partners LP (0.63), GEOI-GeoResources (0.39), FXCM-FXCM Inc. (0.17), RUE-Rue21 (0.49), NGL-NGL Energy Partners LP (0.68).
0700 ET Weekly MBA mortgage applications, previous -1.2% with purchase mortgage sub-index +2.1% and refinancing sub-index -2.0%.
0830 ET Feb import price index expected +0.6% m/m and +5.9% y/y, Jan +0.3% m/m and +7.1% y/y.
0830 ET Q4 current account balance expected -$114.80 billion, Q3 -$110.28 billion.
0900 ET Fed Chairman Ben Bernanke speaks at the Independent Community Bankers of America convention in Nashville, TN.
1300 ET Treasury auctions $13 billion 30-year T-bonds.