Today is looking a lot like yesterday – with Crude and Equity futures down, and some JPY buying and EUR selling in the currency markets. The Crude front-month contract is down 2%, falling below support under the $104 p/barrel level. Looking at the oil patch, natural gas futures can’t find a bid, with the front month futures falling 5% today.
Equity futures are moving toward the top of their daily range – which has been smaller than usual. S&P 500 futures are down nearly 10 handles to 1,395.64 at the moment. The DJIA is holding at 13,075. BBY, which reported earnings today, is down $2 (7.25%) but roughly $0.70 off the low of the day. After the bell, eyes will turn to RIMM’s earnings. RIMM is flat on the trading session.