09:15 ET Dow , Nasdaq , S&P : S&P futures vs fair value: +1.50. Nasdaq futures vs fair value: flat. There haven't been many reports to guide participants this morning, but stock futures have still managed to make their way off of overnight lows to trade near the neutral line. Several financial services stocks have lent support to the upward move, thanks to some upgrades by top analyst firms. A few trading catalysts could come this afternoon when results from a $20 billion auction of Treasuries (1:00 PM ET) and the Fed's Beige Book (2:00 PM ET) are released. Participants will be monitoring the auction results to assess demand for the benchmark Treasury security, while the latter report should provide the latest dose of anecdotal economic information. Meanwhile, gold and oil are working to extend their recent gains.
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