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Market Commentary

Futures suggest quiet open for equities


Stock futures are slightly lower to start the week with little news that may give the market direction. There is little scheduled for release on the economic calendar, suggesting a continued malaise to market trading. The lone economic data point on tap is the Chicago Fed national activity index due out at 8:30 am ET. Oil prices remain under pressure and the price of WTI crude is struggling to stay near $48 a barrel. In early pre-market trading, Dow futures are 3 points below fair value, Nasdaq futures are 3 points below fair value and S&P futures are 1 point below fair value.

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