The U.S. Dollar index is still the driving force.
Stock market futures soared last night when the President of the United States was giving his 'State of the Union' address around 9:00 pm EST. Please note that the U.S. Dollar index also began to decline at that very time. Once the dollar began to bounce the futures began to pull back in it's overnight gains. The weak dollar is very important for this market if it is to rally. Please remember a strong dollar puts pressure on commodities and inflationary stocks, therefore, making it difficult for the market to inflate.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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