(As of 7:20 am PST)
US stocks are on the rise in early action after falling late in the session yesterday. Upbeat earnings results overshadowed disappointing data out of Europe which continues to show signs of struggle. Germany reported a negative sentiment number for the first time in over two years while simultaneously slashing its growth forecast for 2014 and 2015. European benchmarks were keeping their head above water with mild gains heading into the final hour of trading. Earnings results for the most part were better than expected this morning. Reports from Citigroup and Johnson & Johnson surprised to the upside, while Wells Fargo and JP Morgan Chase reports were mixed. Oil continues it's tumble while gold is up slightly. Treasury yields fell sharply as bond traders came back from yesterday's Columbus Day holiday. Today's open is uninspiring to say the least and reflects a market that has shown signs of weakness and fatigue for several weeks now.
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