Last Update: 04-Nov-09 09:15 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +8.70. Nasdaq futures vs fair value: +6.00. Stock futures have gradually improved their position this morning so that a solid start now looks to be in order for the broader market. Strong gains by overseas markets and renewed weakness in the U.S. dollar are primary underpinnings of the generally positive tone this morning. The absence of a major disappointment for the ADP Employment Report has helped keep the mood intact, but participants have a couple of other important items to digest yet. First is the ISM Services Index for October at 10:00 AM ET, followed by the FOMC's latest policy statement at 2:15 PM ET. Trading will likely be volatile in the wake of the FOMC statement as participants look for changes in its verbiage, since such changes could carry considerable implications for the dollar and the view of investors.