Somebody must have hit the wrong button. At one point in the pre-open, the futures were down 2 points. This can't happen. Stocks only go up, right?
Outside the U.S., better news on the global economy is keeping the rally going. China's trade surplus was better than expected, with both exports and imports stronger than expected (though accuracy of the numbers is being debated).
Rio Tinto said steel demand for China is stronger than anyone thinks. Demand for steel is expected rise at a 3 percent rate for the next decade, it said. The company expects iron ore sales to rise to a record. One major factor helping Rio: It is "well-positioned on the cost curve," according to Alan Smith, president of Rio Tinto Iron Ore Asia.