Market looks to revive faltering rally

U.S. equity indexes are higher this morning even though yesterday's rally lost steam into the close.

The S&P 500 is up 4.50 points, or 0.32 percent, to 1394.50 as of this writing. The Nasdaq 100 futures are higher by a similar percentage, adding 14.50 points, or 0.54 percent, to 2701.

European indexes are mixed as the Spanish two-year bold yield rises and prices decline. The  U.K. FTSE 100 off 0.01 percent, but the German DAX is higher by 0.6 percent.

Asian indexes closed higher overnight, with Hong Kong's Hang Seng adding 0.37 percent and Japan's Nikkei 225 gaining 0.88 percent.

Commodity markets are higher as well, with front-month oil futures trading at 92.50, a gain of 0.33 percent. Commodities are getting a boost the strong euro and relatively weak greenback this morning, as the euro/dollar is positive by 0.28 percent to 1.2436.

Spot gold is fractionally higher at 1616.60. The strongest commodity of the morning is copper, which is up 1.33 percent to 3.435, its highest level in a month.

In stock-specific news, Apple is looking tobuild on yesterday's strong session as it nears the $625 level.  Financials are pointing to a higher open, with pre-market gains in Bank of America, Citigroup, JP Morgan, Wells Fargo, Goldman Sachs, and Morgan Stanley.

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