Soft Durable Goods Report Gives Green Light for Some Early Bounce

Stocks, already set for a snap-back rally, got the green light from this morning's durable goods data. Futures were a little lower than earlier.

At 9:19 a.m. EDT, the S&P 500 futures were up 1.6 points, just about 3 points above fair value and an indication of some buying sentiment for the early going. The Nasdaq 100 futures were 21.5 points higher, an indication of some buying pressure for large-cap tech stocks at the open.

The Treasury market was slipping quietly off of yesterday's gains, and the 10-year note was down 1/32 at 100 22/32 and yielding 6.402%. ...