Market news
22.08.2011, 13:28

Before the bell: S&P futures +20.75. Nasdaq futures +45.60.

U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will rebound from its biggest four-week drop since 2009, amid speculation the Federal Reserve will unveil further measures to support the economy.

Renewed strength among Europe's major market averages has helped inspire domestic traders to do some buying. As such, the stock market is expected to open with a sharp, broad-based gain. Gold and silver have both shared in the strength, as has crude oil. Aside from the buying effort abroad, there really haven't been any cues for trade this morning; the economic calendar is essentially empty and there is only a dearth of companies slated to announce quarterly results.
Company news:
Lowe’s Cos., the second-largest U.S. home-improvement retailer, rose 3.3 percent after saying it plans to buy back $5 billion of its own stock over the next two-to-three years.

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