Stocks are looking for a rebound after being pummeled from their first day back after a long holiday weekend. Markets were rattled yesterday when the IMF and China released economic data that pointed to a global slowdown.
However, IBM was able to put some positivity back in the markets when they posted better-than-expected earnings that pushed the stock up 6%. Proctor & Gamble ($PG) also lifted investor hopes as they posted strong earnings this morning that sent shares surging in the premarket.
Ford ($F) and Texas Instruments ($TXN) are set to report earnings after the close today.
In other news, Telsa ($TSLA) is trading lower again as analyst at RBC say expectations are still too high for the company, resulting in a downgrade.
In the commodity world, oil is trading lower this morning with prices printing at $52.77 a barrel while gold is trading slightly higher at $1290 an ounce.