/ES Futures contracts are trading higher this morning after traders seem to have digested last week’s news and some of the nervousness has come out of the market the last two days. The market was able to find support yesterday and after testing the downside this morning, prices have rebounded. Stock market futures moved higheramid upbeat earnings from Yahoo and Tyco Electronics. However the big news items today that we are all waiting for are the results of the Federal Open Market Committee meeting and a key address from President Barack Obama later tonight.
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