The US stock market's momentum could be characterized as either positive or negative this morning, depending on your viewpoint: the major averages are riding a three day winning streak, and the Dow is coming off its best three-session gain since August 24th.
But the Dow also saw a 300+ point gain cut by more than half by the time the session ended, the first time that's happened since October of 2008.
Among the earnings reports set to be issued this morning: the latest number from Olive Garden parent Darden Restaurants (DRI), retailer Family Dollar (FDO), and spicemaker McCormick (MKC).
There are no reports of note set for release after the closing bell.
BP (BP) and Transocean (RIG) are among our stocks to watch today, following word of recent oil sheen sightings in the Gulf of Mexico near the capped BP Macondo well site.
The Coast Guard has now said BP's well is not suspected as the source, but that it could be from the wreckage of the Deepwater Horizon rig...whew, I bet BP is letting out a big sigh of relief on that news.
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