S p futures up by just over 3. 5. The nasdaq up by 6. 5 points. Also in europe this morning, Philadelphia Fed president Charles Plosser pointing at the weather for a blurry economic forecast. As you pointed out, it has been very noisy. Weve had storm after storm after storm, particularly on the east coast. Its been very difficult to get a decent reading on the economy. I think its important that we sort of take a step back, be patient here, and not overreact to whats going on because we just dont really know for sure yet. The fed beige book yesterday citing the weathers impact on the nations economic conditions. Well see if weather is a factor in todays collection of economic reports. At k8 30 a. M. , we get weekly jobless claims. The economy is expecting a reading of 338,000 to 348,000 we saw the week before. And at 10 00 eastern time, the january factory orders report will be released. Thats a decline of 0. 3 is what economists are looking for there. Treasury secretary jack lew will
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