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July 23, 2013 -- 8:30 a.m. ET - 07/23/13

Futures are pointing to a higher open in New York. The Dow is up 0.3% on Globex, the S&P 500 is higher by 0.2% and the NASDAQ trades 0.1% above fair value. Investors are optimistic heading into the session following a batch of positive earnings and after Chinas Premier said that the government would not allow the countrys GDP to fall below 7%. Looking at earnings, shares of DuPont are up 3.6% in pre-market action after the company posted better-than-expected earnings and said it was looking into selling its performance chemicals unit. Also among earnings, Travelers is higher by 1.3% following their quarterly profit tally. On the downside, Netflix is lower by 4.5% despite posting earnings that topped analysts estimates. In other news, cyber security firm Sourcefire is rallying 28.8% on news that it was being acquired by Cisco. Commodity related stocks could also be active today as crude oil prices decline 1% to $105.88 per barrel and gold slides 0.5% to $1329 an ounce. Turning to fixed income markets, Treasuries are lower along the curve. The benchmark 10-year note is down 5/16 to yield 2.52% and the 30-year bond is lower by 3/4 of a point to yield 3.59%.
Benjamin J. Chuckrow
Senior Vice President
Branch Manager
Wells Fargo Advisors
37 Henry Street, Suite 201
Saratoga Springs, NY 12866
Tel: 518-581-5049
Fax: 518-581-5055
Toll Free: 800-581-5196
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.
Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.


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