Slightly disappointing results from MCD and LLY push S+P 500 futures a little lower

Earlier this morning at one point the S+P 500 index was priced to reopen close to 5,640 and hence close to the major technical level noted here earlier today, at 5,646.10. Well, since then we have had a few of those many S+P component Q1 earnings reports and a couple of lead names there have rather underwhelmed on expectations. That is earnings from McDonalds and Eli Lilly, neither of which impressed much and that has helped to push the S+P 500 futures a bit lower and tempered the opening outlook. The challenger challenger jobs cuts numbers have just been released and they have actually shown an improvement. Layoffs were at 105k, compared to 275k at the time of the previous update. The S+P 500 future is still very much on the front foot though and currently pricing the opening at around 5,625 ahead of the weekly claims data in just under an hour from now