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Here's a weird stat: Technology is now the second-biggest dividend payer, paying 13.7 percent of all dividends. It's simply a myth that tech stocks don't pay dividends: 56 percent of tech stocks pay a dividend. The biggest dividend paying sector is consumer staples, which pays 14.7 percent of all dividends.
If Google decides to pay a dividend one day, the tech sector would be the biggest dividend payer. Strange, eh?
2) Ugh! Futures dropped a couple points as March durable goods were the latest disappointing numbers, well below expectations (down 4.2 percent). Even the numbers excluding transportation was weak at down 1.1 percent. Primary metals down 1.8 percent, machinery down 2.6 percent, computers down 1.8 percent, motor vehicles and parts up 0.1 percent.
3) Don't look at me: Can you imagine the pressure on European Central Bank President Mario Draghi now that Europe has rejected austerity? Now that Spain is on the radar for a rescue that no one can afford? "Now, the ball is entirely, squarely in the court of governments and banks," Draghi said.
But Draghi injected himself into the political sphere by saying Europe needed a "growth compact" in addition to a fiscal compact.
What I liked about Draghi's comments to the European Parliament's economic committee is his defense of "kick the can": "I think buying time is not a minor achievement."
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