After yesterday's dizzying 217 point run-up, investors' enthusiasm for stocks looks like it will wane a bit today. Futures are trading slightly down as of 7:45 a.m.
With many companies offering an extra-long holiday weekend and granting monday off as well as tuesday, it is likely plenty of traders will exit any risky positions by the end of the day today. I would also expect investors who saw big run-ups in stocks yesterday, but who still worry about the long-term impact of higher rates, might want to take some gains off the table.
Traders who focus on economic releases will have a new consumer confidence reading to mull over. At around 10 a.m., the University of Michigan relases its figures. Then the Chicago Purchasing Managers Index is released.
Oil is fast approaching $74 a barrel and Apple investors are selling after the company announced an internal probe of its option-granting procedures. CNNMoney urges investors to start focusing on second quarter earnings now that the much-anticipated June Fed meeting is finally behind us.
Here's a look at some key Blogging Stocks:
Google (GOOG) is down $2.31 in pre-market trading to $415.50 as of 7:47 a.m. TheStreet.com looks at risk Google poses to Amazon's business.
Microsoft (MSFT) was down 5 cents to $23.42 as of 7:50 p.m. last night. John Dvorak says Microsoft won't buy Yahoo. MSFT is cutting some sales jobs.
Yahoo! (YHOO) was down 10 cents to $32.87 in after hours trading as of 8 p.m. last night. Yahoo proposes granting refunds to settle click fraud suit. John Dvorak thinks Yahoo will not sell to Microsoft.
eBay (EBAY) was up 8 cents to $29.34 at 7:54 p.m. in after hours trading last night. Singapore News reports that 4,400 Singaporeans make their living from eBay.










