Market Happenings for Monday, June 04, 2012

Premarket, futures are up. Gainers this morning include AN, WAG, CHK, FTR while losers include AZO, RDC, WMB, DHI and LMT.

The Market

European stocks were mixed in afternoon trading and Asian markets ended lower.

The national average price of gasoline is down a half-cent at $3.585 per gallon. Here in Gig Harbor, WA our Costco sells it for $4.26 a gallon.

Europe’s woes are intensifying. Where will it end up?

Earnings Reports

Earnings reports (sorted by mkt cap): DG-Dollar General (consensus $0.60), SHFL-Shuffle Master (0.20).

Financial Calendar

0945 ET May NY ISM index, Apr 61.2.

1000 ET Apr factory orders expected +0.2% m/m, Mar -1.9% m/m.

1100 ET USDA weekly grain export inspections.

1130 ET Weekly 3-mo and 6-mo T-bill auctions.

1600 ET USDA Crop Progress

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