The S+P 500 is not likely to open higher now

Earlier reports here this morning suggested the price action in the S+P 500 futures was leading the index to a higher opening this afternoon. Well, much has transpired since then and the index futures have spent most of the last few hours firmly in the red. Even the pretty decent Q3 earnings report from Walmart (who beat on top and bottom line) and upbeat assessment of consumer spending has not shifted the opening outlook to something more positive this afternoon. The latest geopolitical developments have gotten in the way of that and right now the index future is edging lower again and pricing an opening around 5,865. The index closed last night at 5,893.62.