Good Morning Todays Trade

Monday, June 16, 2008

Futures get a boost on Lehman Brother's earnings results, but then slip on a worse than expected economic release. The June NY Empire Manufacturing Index, a regional manufacturing survey, fell to -8.7, compared to the consensus estimate of -2.0. Lehman Brothers (LEH) reported a loss of $5.13 per share, which was in-line with the firm's preannouncement. Fed Chairman Bernanke will spead at the Senate Finance Committee health Reform Summit at 10:00 ET, and Richmond Fed President Lacker will speak on the economic outlook at 1:00 ET.

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S&P numbers for today

1361 & 1367 Resistance
1344 & 1340 Support