Wednesday, October 12, 2011

Good Morning...

Futures are pointing to as higher opening on the heels of a rare session of little movement, where the major averages finished mixed.

The Dow has posted small double-digit losses in two of the past three sessions, but before that, all 14 negative sessions since August 16 had been triple digit drops.

Now, investors are looking ahead to earnings season, with Dow component Alcoa (AA) kicking things off after the closing bell on Tuesday by reporting profit that fell short of estimates.

In the news: President Obama's jobs bill failed to get the 60 Senate votes needed to move forward in an evening vote last night, while senators did approve the controversial bill aimed at convincing China to let the value of its currency rise.

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