Stock Market Today - Eyes on the Michigan Sentiment Report

NEW YORK ( TheStreet) - U.S. stock futures are indicated modestly lower this morning, while the dollar stabilized and oil pulled back.

How do you resign from your position as a CEO of a major technology corporation in 40 characters or less?

Ask Twitter's (TWTR) soon-to-be former CEO Dick Costolo, who stepped down from his position at the struggling technology giant on Thursday. Twitter is a holding in the Action Alerts Plus charity portfolio, which is co-managed by Jim Cramer, and it is rated at "Two", which means the portfolio managers would buy it on a pullback. Cramer believes that a lot of changes will come at Twitter after the departure of Costolo.

Meanwhile, in Germany the yields on the Bund fell again, with money finding its way back into the German debt as the market's risk aversion grows (or maybe as the market's queasiness in regards to a positive outcome in the negotiations with Greece over their debt payments grows).

The U.S. government data hack looks to have affected as many as 14 million government employees, up from the original estimate of four million records. Yikes...No wonder we have budgetary issues...

There are no S&P 500 companies reporting earnings today.

On the domestic economic front today we get the May PPI Final Demand at 8:30 a.m., with consensus expectations at 0.4%.

At 10 a.m. the University of Michigan Sentiment report for June will be released, with estimates set at 91.2.

Last, today at 1 p.m. the Baker Hughes rig count will be reported.

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