Before the bell: S&P futures +4.3, Nasdaq -1.80
Stock futures point to a mixed start for today's trade. The underlying bid comes even though many of the major overseas markets have put together mixed performances. Data has been underwhelming. It featured a sharper-than-expected pickup in producer prices during July. There hasn't been a very positive response to corporate news either. Despite earnings that exceeded expectations, Dell (DELL), Deere & Co. (DE), and Abercrombie & Fitch (ANF) have all been hit with aggressive selling ahead of the open. Target (TGT), which complemented its upside earnings surprise with upside guidance, has managed to attract strong premarket buying interest, though. In the backdrop of this morning's action, the Dollar Index is down 0.6% to a three-week low as the Swiss franc surges. The franc's climb comes as participants consider that no comments were made about pegging the currency, even though the Swiss National Bank believes that the franc is overvalued. Meanwhile, gold prices are trading with only a modest gain near $1790 per ounce, but oil prices are up 1.8% to $88.25 per barrel ahead of weekly inventory numbers at 14:30 GMT.