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Morning Call: Futures Rise as Investors Remain Hopeful Over Greece

February 17th, 2012

US stock futures are slightly higher Friday as investors continue to hold out hope the all issues in Greece will be ironed out quickly. The wrangling continues over economic reforms and austerity measures. Core CPI met expectations this morning at 0,2%, not throwing the market any curveballs. The question is whether the market can continue to climb over the weekend if Greece and European finance ministers cannot get the situation sorted.

Baidu (NASDAQ:BIDU) was the headline earnings report last night, and is trading slightly lower this morning despite a beat on both the top and bottom lines. The numbers apparently were not enough to spur the highly valued Chinese company to new highs. In contrast, Applied Materials (NASDAQ:AMAT) is sharply higher after handily topping Wall Street estimates for the 4th quarter.

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