Good morning!

Here are the news you need to know prior to today's market opening:

Late yesterday, Fitch revised its outlook on the U.S. credit rating to negative, citing the failure of a special congressional committee to reach an deficit-reduction agreement. Fitch gave the United States until 2013 to come up with a "credible plan" to tackle its ballooning budget deficit or risk a downgrade of the country's coveted AAA rating.

In company news, AMR Corp (NYSE:AMR), the parent of American Airlines, filed for voluntary Chapter 11 bankruptcy protection. AMR also named a new chairman and chief executive.

On the macro front, the Conference Board's November consumer confidence is due at 10 a.m. EST. The report is forecast to show a reading of 44.0, up from 39.8.

U.S. stocks rebounded sharply from seven days of losses yesterday as investors used the latest effort by European leaders to resolve the region's debt crisis as an opportunity to cover short positions.

Stand by today's recommendations and have a great trading session.