After the bell, we will see earnings reports from IBM, Intel (INTC), CSX, and Yahoo! (YHOO). Following them tomorrow morning are Abbott Labs (ABT), Bank of NY (BK), BlackRock (BLK), Haliburton (HAL), and PNC.
Crude Oil futures gained sharply ahead of inventory numbers tomorrow afternon. The price of a barrel rose 1.3% to $104.25. Natural Gas futures, which will see its own inventory numbers on Thursday, fell to its lowest level at $1.9530. Traders continue to point to a $1.55 level as a break-even point for producers, saying that until you see serious production cuts, prices could continue to tumble.
The US$ fell marginally in Tuesday trade, despite the renewed risk appetite. JPY saw the brunt of the losses, falling 0.5% against the dollar. The 30-year bond fell 0.3%, while the 10-year note dropped 0.2%.