Futures are appreciably higher this morning, with the Dow looking at a triple digit gain at the open. If markets can hold these levels, the Tuesday/Wednesday trading will erase all of the S&P negative outlook sell off and then some.
Intel (INTC) beat estimates, and forecast higher sales in Europe and Asia for Q2. IBM also issued sales and profit forecasts that suggest a corporate computer systems upgrade cycle is getting underway, following a fallow period during the the recession (See Dollars Flow Back Into Tech).
European bourses were up 2%; Asian markets were up one and half %.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.