It's rally time on Wall Street -- finally. Stocks look set to continue yesterday's gains into this morning and futures are nicely in the green. It seems investors have adjusted to the idea that the Fed will raise interest rates in late June so they weren't absolutely terrified by news yesterday that consumer prices are rising.
There is a lot of news due out on the housing market. Freddie Mac reports on mortgage rates and KB Homes (KBH) reports second quarter earnings. Plus, senators meet to discuss Fannie Mae.
Adobe Systems (ADBE) and Bear Stearns (BSC) also report earnings today.
Here's an early morning look at some companies we follow at BloggingStocks:
Microsoft (MSFT) is up 18 cents to $22.06 as of 8:13 a.m. Microsoft exec says Vista is the most secure operating system ever.
Yahoo! (YHOO) is up 20 cents to $29.82 as of 8:11 a.m. last night. Social search takes hold on Yahoo and Netscape.
eBay (EBAY) is up 14 cents to $30.80 at 8:13 a.m. It launches lots of new features.