(as of 7:00 AM PST)
Stock indexes are mixed at the start. The Nasdaq is lagging a bit, but most stocks are up marginally. Oil and gold are near unchanged while the US dollar is giving back some of the spectacular gains it has seen year to date. The weakening dollar over the last few sessions seems to be a source for buyers to step up. A couple of earnings warnings this morning remind us that corporate profit growth for the next quarter is going to be relatively weak to nonexistent, which might prove to push stocks lower in the second quarter. The only significant data point today was existing home sales which came in slightly below expectations.
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