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Economic
08:30 Durable Orders (May): -1.4% cons
08:30 Durable Orders Ex.-Transport (May): 1.25% cons.
08:30 Initial Claims: 458K cons.
08:30 Continuing Claims: 4580K cons.

Standard & Poor’s Announces Changes to U.S. Indices
QEP Resources (QEP) will replace Questar (STR) in the S&P 500 index. Questar is spinning off QEP Resources to its shareholders in a transaction expected to be completed on or about that date. The post-spin parent company, Questar Resources (STR), will replace Federal Signal Corp. (FSS) in the S&P MidCap 400 index, and Federal Signal will replace Magnetek (MAG) in the S&P SmallCap 600 index. Federal Signal has a market capitalization of less than $380 million, making it more representative of the small cap space. Magnetek has a market capitalization of less than $42 million, ranking it 600th in the S&P Small Cap 600 index

TOP FINANCIAL NEWS

Confidence Waning in Obama, U.S. Outlook

BUSINESS NEWS

After Hours Summary
BBBY -5.0% Following Earnings/Guidance
Companies trading lower in after hours in reaction to earnings: BBBY -5.0%, PAYX -3.7%, NKE -2.0%...
Companies trading higher in after hours in reaction to news: LDK +1.4% (signs module supply contract with Gestamp Solar)... Companies trading lower in after hours in reaction to news: NE -1.4% (Noble Corp reaches agreement on Noble Clyde Boudreaux), PFE -1.2% (suspends tanezumab osteoarthritis clinical trial program).