Economic Reports Due out (Times are EST): MBA Purchase Applications (7am), Durable Goods Orders (8:30am), EIA Petroleum Status Report (10:30am), FOMC Meeting Announcement (12:30pm), FOMC Forecasts (2pm), Bernanke Press Conference (2:15pm)
Premarket Update (Updated 8:30am eastern):
- US futures are showing an opening for the Nasdaq of nearly 2%, the other indices are up moderately.
- Asian markets traded in a wide range from -0.2% up to +1.0%.
- European markets saw gains of about 1.5% on average.
Technical Outlook (S&P):
