Stock Market Update

Stocks remain poised for a lower opening this morning, with tech names set to give back a chunk of recent strength while oil bounces higher after several tamer finishes.

Just released, industrial production increased 0.7% month-over-month in April (Briefing.com consensus: 0.2%) following an upwardly revised 0.3% derease (from -0.5%) in March.

The capacity utilization rate was 76.1% (Briefing.com consensus: 75.7%), versus a 75.7 in March.