US Mid-Morning Recap by TradeTheNews Staff - C â0.75%, GE â2% and IBM â4% are all moving lower after reporting Q4 and 2006 numbers. Feb Crude futures ($51.15) are bouncing a bit after briefly trading below $50 yesterday afternoon. A positive reaction to SLBâs +4% earningâs report has ignited some buying in the Oil Service group. OIH +2.25 while XOM +1.3% is helping the Dow. There has also been some positive news in tech land for the fist time in a few sessions. XLNX is up 5% after earnings while JDSU has added close to 10% after raising guidance. - January preliminary U of Michigan confidence was reported at the highest level since early 2004. Rumors of a much higher than expected reading were circulating well before the official announcement, but the news has still buoyed equity futures while weighing on Treasury prices. 30-year â16/32 at 4.872%; 10-year â8/32 at 4.775%; 2-year â2/32 at 4.911% The US Dollar Index +0.25% is up marginally. Feb Gold is just off session highs up $4 at $632.10.