SmarTrend(R) Opening Bell Comments -- July 1, 2009

Wed. July 01, 2009; Posted: 06:45 AM

Jul 01, 2009 (SmarTrend(R) Market Commentary via COMTEX) -- -- Last updated July 1st, 2009 6:40 AM ET---After the best quarterly gain since 1998, US equity markets look to begin the third quarter on a positive note as stock futures are trading higher on positive news overseas. China reported that its purchasing manager's index expanded in June, providing evidence that the country's 4 trillion Yuan stimulus plan may be working. Investors will now turn their attention to domestic economic data this morning with ADP Employment due out at 8:15 AM ET, and ISM manufacturing and pending home sales due out at 10:00 AM ET. At the time of this report, S&P futures are up more than 7 points vs. fair value, Nasdaq futures are up almost 12 points and Dow futures are up 58 points.

Write to Chip Brian at cbrian@tradethetrend.com

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