The trading day may be subdued since there are few corporate or economic reports scheduled for release. The one notable exception is the consumer sentiment survey due at 10 a.m. ET from the University of Michigan and Thomson Reuters. Economists expect that report to show consumers were more optimistic in early May.
The major U.S. indexes have hit several all-time highs this week, but they pulled back Thursday after a raft of mixed economic reports and as some Fed officials called for an end to monetary stimulus this year.
U.S. stock futures were all pointing to modest gains at the opening bell. Overall, the major indexes are all on track to end higher for the week.
European markets took their cue from Thursday's U.S. market moves. All major European indexes were in the red in afternoon trading.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.45%||4.52%|
|15 yr fixed||3.47%||3.55%|
|30 yr refi||4.44%||4.51%|
|15 yr refi||3.46%||3.54%|
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