Investors Are Reacting to Solid Earnings From Big Banks & Mixed Economic Data
U.S. stock futures are lower. Investors this morning are reacting to solid earnings from big banks and mixed economic data. Retail sales for March dipped more than expected at -1.0% M/M vs. estimates of a -0.4% M/M decrease. Industrial production for March increased 0.4% M/M beating estimates of a 0.3% increase. Yields are ticking higher across the curve. Asian markets closed higher and European stocks are also on the rise. Crude oil prices continue to move higher, the Dollar is recovering and Gold is lower.
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