Bulls on call
Expectations of stronger GDP report have U.S. stocks poised for advance.May 26, 2005: 6:08 AM EDT
NEW YORK (CNN/Money) - Traders are expecting a more bullish reading on the strength of the U.S. economy to lift stocks Thursday.
U.S. stock futures were up in early trading, indicating a higher opening for stocks, ahead of the 8:30 a.m. ET report on the nation's gross domestic product.
The initial reading for first quarter GDP was a disappointing annual growth rate of 3.1 percent, but some better economic reports since then have led economists surveyed by Briefing.com to forecast that it would be revised up to a 3.6 percent gain.
**This "better" manipulated reading has ALREADY been expected and should be in market, it also looks in rear view mirror and has nothing to do with tomorrow.
D
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